All roads lead to Rome. If there are shortcuts, why take the long way? Last weekend, I already provided everyone with the market trend for this week, and the market has indeed arrived as expected, with bearish forces making a strong return. Looking back at today’s market, it retraced from around 118500 early in the morning to about 114000, giving us nearly 4500 points of space. Although there were some rebounds, they did not affect our overall layout, and the overall market is showing a short-term one-sided bearish trend, continuously reclaiming previous space. Today, the Zhuowei team also arranged for students to seize every wave of the market in a timely manner. The short positions for Bitcoin and Ethereum laid out in the early morning both made profits, successfully capturing 2009 points of space for Bitcoin and 77 points of space for Ethereum. The morning continued the retracement trend, and Bitcoin and Ethereum again captured 1767 points of space and 97 points of space, respectively. The market showed a range-bound oscillation at noon, and we took a short break. In the evening, we arranged for students to short Bitcoin again, capturing 1365 points of space. Isn’t drinking water just that simple? Friends who have been following Zhuowei's strategy recently should have also gained a lot. The market this week is about to conclude, and friends who haven't boarded yet can seize the time to get on and grasp this midnight market wave.
From a technical perspective, the current market shows a clear bearish dominance. On the daily chart, the price has broken below the lower Bollinger Band and continues to run outside, with the middle and lower bands extending downward to form a 'bearish opening', indicating that bearish forces are breaking through the oscillation range and entering a trend acceleration phase. Consecutive bearish candles (especially five in a row) form a 'weak market arrangement', with the closing price moving down in a staircase pattern. If the trading volume increases moderately, it indicates that bearish selling pressure continues, and the trend has sustainability. On the four-hour chart, the price repeatedly shows long upper and lower shadows near the lower Bollinger Band, reflecting a low-level divergence between bulls and bears: long lower shadows indicate a technical rebound by short-term bottom-fishing funds, while long upper shadows show that rebounds are met with bearish pressure, confirming a weak pattern. Five consecutive bearish candles form a 'bearish cannon', during which minor rebounds are 'trap for longs', offering an opportunity for bears to add positions. In summary, the daily bearish structure is the core trend, while the four-hour rebound is a secondary fluctuation; it should be shorted at highs.
Weekend operation suggestion: Short Bitcoin in the 115300-115800 range
Target 113000
Weekend operation suggestion: Short Ethereum in the 3600-3630 range Target 3450
From a technical perspective, the current market shows a clear bearish dominance. On the daily chart, the price has broken below the lower Bollinger Band and continues to run outside, with the middle and lower bands extending downward to form a 'bearish opening', indicating that bearish forces are breaking through the oscillation range and entering a trend acceleration phase. Consecutive bearish candles (especially five in a row) form a 'weak market arrangement', with the closing price moving down in a staircase pattern. If the trading volume increases moderately, it indicates that bearish selling pressure continues, and the trend has sustainability. On the four-hour chart, the price repeatedly shows long upper and lower shadows near the lower Bollinger Band, reflecting a low-level divergence between bulls and bears: long lower shadows indicate a technical rebound by short-term bottom-fishing funds, while long upper shadows show that rebounds are met with bearish pressure, confirming a weak pattern. Five consecutive bearish candles form a 'bearish cannon', during which minor rebounds are 'trap for longs', offering an opportunity for bears to add positions. In summary, the daily bearish structure is the core trend, while the four-hour rebound is a secondary fluctuation; it should be shorted at highs.
Weekend operation suggestion: Short Bitcoin in the 115300-115800 range
Target 113000
Weekend operation suggestion: Short Ethereum in the 3600-3630 range Target 3450
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BTC
113,906.98
+0.82%
ETH
3,474.02
+0.60%