This morning, due to the reduced probability of interest rate cuts in December, the price of the currency experienced a significant decline. After a substantial pullback, there was no notable rebound during the day. The large pullback in the morning has greatly suppressed bullish momentum. Tonight, following the rhythm of the US stock market, the price of the currency has once again shown a trend of pullback, testing a low of below 84,000. The current price is hovering around 84,000. This morning, I adjusted my direction promptly according to the market trend, reminding everyone that the market trend has quietly changed. We have turned bearish. The market trend this evening has also once again accurately fulfilled our expectations. A new week begins, and our grasp of the market and judgment of the trend remain consistently precise. If you cannot handle the relatively simple and friendly market conditions recently, then perhaps you might consider following Zhi Yu's ideas and rhythm.

Looking at the four-hour chart of Bitcoin, after a rapid drop in the price indicated by a large bearish candle, the price went through a simple consolidation during the day and has once again shown a large bearish candle for a quick pullback, forming a strong oversold state again. The current K-line shape is gradually forming a strong downward structure, and the Bollinger Bands are expanding sharply downward. Although there is a significant demand for pullback recovery in the current market, due to the strong suppression of bullish energy, it is still difficult for the price to rebound effectively in the short term. In the short-term hourly chart, the price quickly dropped and tested the lower band, then rebounded slightly after a series of small upward candles before once again showing a large bearish candle for a quick pullback. The current price is accelerating towards the lower band. The three-line KDJ indicator on the hourly level has formed a dead cross and is accelerating downward, currently allowing bears to strongly dominate the market. Therefore, in the short term, unless a strong bullish signal appears, the price still has a trend of further decline, and we will continue to maintain a bearish outlook.

Short on Bitcoin around 84,500, watch around 83,000; short on Ethereum around 2,750, watch around 2,620. #美SEC推动加密创新监管 #美联储重启降息步伐 $BTC $ETH $SOL