The price of Bitcoin has fluctuated for a day, and it is now near the position for shorting at noon. Bitcoin has dropped from around 87795 to near 86600, while Ethereum has fallen from around 1658 to near 1610. Our strategy with Bitcoin long has gained over nine hundred points, and Ethereum has gained over thirty points. Although we did not see the lowest point, there was still profit to be made, and compared to friends in the futures market, it is still much stronger. As long as the entry position is well-timed, it is not as difficult as imagined.

From the current daily chart analysis, the price ratio has still not broken the upper boundary, and is still under pressure for consolidation and correction. The bearish momentum has not yet exhausted, and it is expected that there will still be a wave of bottom testing actions, but the overall upward trend has not been damaged. The 4-hour level shows that after several bullish candles, there has been a significant bearish candle pullback. Although no consecutive bearish pattern has formed, the size of the last bearish candle indicates that the bears are concentrating their energy, making it difficult to reverse the downward trend in the short term. After the bottom formation is completed below, the price trend will be smoother. Therefore, during the midnight period, we can focus on the continuation of the bearish trend.

At midnight, short Bitcoin in the 87000-87500 range, focusing on 85000,

short Ethereum in the 1630-1660 range, focusing on 1560$BTC