Early morning market analysis

The market is clearly in a bearish trend now, with prices dropping increasingly stronger after breaking key levels. The short-term rebound is merely to gather strength for further declines. The four-hour K-line is being suppressed by the lower trend line, and the bearish structure is very complete. The MACD indicator has shown a divergence signal, and the downward force is still increasing.

At the one-hour level, it’s also the bears that have the say; prices are pressed down by the zero axis, and the rebound lacks strength, making it easy to be sold off. Everyone is relatively cautious about the market, with funds withdrawing from high-risk assets, and the slow decline continues.

Whether from a technical perspective or capital flow, it indicates that the decline will continue, and the rebound is just a temporary technical adjustment. In terms of operations, don’t think about bottom-fishing; wait to short when a rebound happens. If the key support level is broken, the downward space will open up further, and it’s more reliable to follow the trend before a reversal happens.

Operation suggestion: Short in the range of 88400-88900, with the target looking at around 86000. $BTC $ETH #美联储回购协议计划