The market initially declined and then rose, starting in the morning. First, there was a slight pullback, with Bitcoin testing the 85200 line, and Ethereum at the 2870 line. Subsequently, there was a steady and slight rise, with Bitcoin rebounding to the 86500 line and Ethereum around 2950. After that, the market entered a consolidation phase. In terms of real trading, morning short positions for Ethereum were entered at the 2973 line, successfully capturing a 73-point profit. The recent bearish market has formed an unstoppable pattern, and our strategy has consistently taken profits wave after wave. Friends who are following the strategy must feel quite content, right?
The current market has entered a brief consolidation phase, with the overall market poised for action. On the four-hour level, the market is in a tug-of-war phase at the bottom, but the overall downward trend has not changed. The Bollinger Bands are developing downward in sync, and the bearish pattern is still applying steady pressure. On the hourly level, the market is operating near the middle band of the Bollinger Bands, and the three bands are in a very strong closing pattern, which also indicates that a market breakout is imminent. Considering the announcement of non-farm payrolls in the evening, a major battle is unavoidable. The evening strategy remains unchanged, with the plan to short on rebounds.
Short Bitcoin near 87000 Target 84500
Short Ethereum near 2970 Target 2800
