The market is falling as expected, and the midnight phase of the bear market is once again upon us. The previous resistance during the upward trend has become apparent. Zhuowei accurately pointed out that a downward trend is imminent. Bitcoin has recently fallen to the 87800 level, while Ethereum has similarly declined to the 2961 level. Friends who followed along must have seen some gains in their short positions by now. Success is never something that is easily within reach; taking the initiative is the true secret to success. The timing emphasized earlier for layout is the best proof.
Currently, the market is undergoing a corrective fluctuation, with bullish momentum significantly weakened and upward space continuously being contracted. On the four-hour level, the market is hovering around the middle band of the Bollinger Bands, with the K-line continuously testing the support of the middle band. A breakdown has already formed, and downward space is clearly opening up. According to MACD technical analysis, a top divergence crossover pattern has formed, with both the fast and slow lines running downward and gaining strength, reinforcing the continuation of the bearish market. The subsequent layout should continue to maintain a high position for shorting during the corrective fluctuation.
Bitcoin short near 89000 Target 87000
Ethereum short near 3040 Target 2900
