Midday Market Review: Accurate Prediction of Bearish Trend, Successfully Secured Over 1000 Points Profit!
The midday market declined as expected, with Bitcoin hitting a low of 114308 before stabilizing, while Ethereum also dipped to a low of 4192. We clearly provided a bearish outlook during the day, setting up a short position for Bitcoin at 115867, and subsequently, the market fell to 114575, successfully harvesting over 1000 points profit! The strategy was fully transparent, and those who followed it made a profit!
Current Market Analysis:
- Bitcoin (BTC): The 4-hour chart shows a small V-shaped reversal pattern, with the price hitting the middle band and then retreating. It is currently oscillating near the lower band. The Bollinger Bands are expanding; if a strong rebound does not occur in the short term, the lower band support may be breached, and bears could gain further momentum.
- Ethereum (ETH): Weakening in tandem with Bitcoin, lacking rebound momentum, with key support at 4150 below. A break below this level could accelerate the downward movement.
Afternoon Trading Strategy: Focus on Shorting!
- Bitcoin (BTC): Short around 115000-115500, target 113500, stop loss 116200.
- Ethereum (ETH): Short around 4250-4270, target 4150, stop loss 4320.
Keep up with the market rhythm, refuse to blindly bottom-fish! The bearish trend remains unchanged; any rebound is an entry opportunity!
