Stay alert during the bustling times, and see possibilities during the quiet times. Don’t let the K-line dictate your heartbeat, and don’t let floating losses kidnap your judgment. The big coin dipped to 87534 in the morning and rebounded, currently reaching a high of 89970. Ethereum synchronized, dipped to 3023 and rebounded to the intraday high point of 3149.
From the daily chart perspective, the price is currently under continuous pressure from the middle band of the Bollinger Bands, failing to achieve an effective breakthrough, and the overall trend still appears weak. Although the K-line left a long lower shadow, indicating a certain level of buying support near the current price, both bulls and bears are contending here. However, since the price has not been able to stabilize above the middle band, and the key resistance area above remains solid, the market overall is still in a bearish-dominated pattern. Looking at the four-hour level, both the upper and middle bands of the Bollinger Bands are simultaneously turning down, forming a clear converging downward pressure, indicating that bullish momentum has significantly weakened, and it is difficult to organize a sustainable rebound attack in the short term, remaining in a downward structure overall. It is advisable to wait for the market to move out before gradually entering short positions.
Operational advice:
Big coin: short around 90000-90500
Target: around 88500
Ethereum: short around 3160-3180
