Today's market situation will not be elaborated further. Ethereum directly spiked to 4150 in the evening. We have fully grasped the entire downward space, and we can say it has been the most stable day in a long time. The short selling we have been emphasizing was also fulfilled as expected in the evening. Bitcoin has captured more than 3000 points today, and Ethereum has captured over 340 points. The recent market trend is not an exaggeration to say that it seems to be following our strategy. Of course, all strategies are publicly announced across the network, and there is no need to say more about profits. Real Pan students have their own experiences, and the daily positions have indeed been effectively improved. We will continue to be bullish moving forward.
From a technical perspective, the current trend exhibits the following characteristics: Daily level: Recent prices have continuously fallen, and although there has been a slight rebound after forming a large bearish candle, the overall trend remains weak, and the downward trend has not changed. Hourly level: Several long upper shadows and smaller real body candlesticks have appeared, reflecting heavy selling pressure above; the MACD histogram continues to be below the zero axis, and the DIF and DEA are diverging downward, indicating dominant bearish momentum. The current price is operating below all moving averages, and the EMA7 is exerting short-term pressure on the price. Comprehensive judgment: The daily RSI remains weak, and the overall trend has not reversed; therefore, it is recommended to continue focusing on short positions.
Bitcoin recommendation: Buy around 113800-114300, target 112000.
Ethereum recommendation: Buy around 4190-4220, target 4050.
