In the fluctuations of the cryptocurrency market, there is no eternal smooth path, nor is there an everlasting winter. The ups and downs of the K-line are merely the breath of cycles; the fluctuations of those accounts are all marks of practice. The main coin encountered resistance around 88000 in the early morning, with shorts increasing and dropping to the 86200 line, and by noon, the market fell into a range of oscillation between 87200 and 86200. On Wednesday, the main coin's day session showed a development of a slow rising oscillation pattern, and by evening, after a strong stretch to the peak, there was a deep correction, with the price correcting from the narrow oscillation around 87500 in the morning, then rebounding to a high point of 90360 before stopping, immediately entering a strong downward trend. Near midnight, the market hit a low of 86128. The second coin's day session mirrored the main coin's movement, with the price rising from a low point of 2942 in the morning to a high point of 3030 in the evening before facing pressure, until the midnight session where the market hit a low of 2832. The consistent winning strategy for the main coin achieved a gain of over 4667 points! The Ethereum strategy also captured over 143 points!
The current market is under pressure and retreating, with bearish momentum continuously being released, showing a strong downward trend. On the four-hour level, the K-line formed an exceptionally long upper shadow, diving from the upper Bollinger band down to below the middle band, indicating significant resistance above and notable price pressure; the three Bollinger bands are diverging downwards simultaneously, with bearish strength continuously increasing. On the hourly level, the bearish K-line trend is fierce, with prices consistently under pressure and showing a weak downward trend; the MACD indicator is about to form a death cross again, further strengthening the continuity of the bearish trend. Market bearish sentiment is spreading, and the downward trend is gradually taking shape.
Operational suggestions:
Main coin: around 87500 short, target at 85000
Second coin: around 2930 short, target at 2700
