Once again, it's a typical round of a wash trading smoke bomb market! The so-called yen interest rate hike is merely a guise for market speculation. The previously anticipated downward trend officially began to reverse only after midnight. Bitcoin surged to around 89300, and Ethereum touched the 3017 level before facing downward pressure. In terms of actual trading positions, the short positions entered in the afternoon were held throughout - Bitcoin was precisely positioned at around 88000, while Ethereum was decisively entered near 2950. The essence of a bear market is just that; there is no clear one-sided trend, and the overall pattern presents a fluctuating downward movement. Regarding the current operational strategy, the Zhuowei team has consistently emphasized: use light positions for short-term longs to catch rebounds, and decisively short on swings to seek profits.
The bearish trend is gradually warming up, and the effects of the downward pressure are already steadily showing. Analyzing the four-hour chart, the current market continues the trend of consecutive bearish movements, with previous rebound momentum facing significant resistance. The K-line chart has even left a long upper shadow, enough to confirm heavy selling pressure above. Meanwhile, prices continue to test the middle band of the Bollinger Bands, with pressure signals becoming increasingly strong, and the bearish pattern is steadily returning. On an hourly level, the K-line is also repeatedly testing the middle band area, with intense long-short battles. Combining further analysis with the MACD technical indicator, the top divergence pattern has gradually been completed, and bearish forces are quietly accumulating and steadily gaining strength. In summary, the operational approach remains clear and unchanged: firmly bearish, relying on key resistance levels to position short positions, seizing swing opportunities in the fluctuating downward market.
Short Bitcoin in the range of 87300-87600 Target 85000
Short Ethereum in the range of 2980-3000 Target 2800
