U.S. stocks have all turned down, leading the mainstream to plunge. Continuing with BTC and ETH technical shorts, if the 'small interest rate' hike lands, the shorts will directly trigger a super market!
The Nasdaq fell by 1.81%, the Dow dropped by 0.47%, the S&P fell by 1.16%. The U.S. stock market's linkage effect connects to the already bearish crypto market.
From a smaller timeframe perspective, this strong downward move has left the support below weak, while the upper levels of 86600--86700--87000--88000 are layered with resistance.
Currently, the auxiliary indicators show a slight decrease in bearish momentum; do not blindly enter short positions. The 4-hour chart is temporarily holding above 85000, and the daytime oscillation market is unlikely to break through.
BTC suggestion: short around 86800, add to short at 87200, target 85800--85000;
ETH suggestion: Short near 2880, add to short at 2920, target 2800--2780.
The path of contracts begins with stability, then with light positions, and finally with reduced frequency; it is certainly worth your reflection and careful consideration!
