🌞🌞Brothers, good morning!!!
The weekend market is mainly characterized by fluctuations, but the bears still dominate.
After multiple rounds of tug-of-war consolidation, the market's center of gravity continues to decline, with daily candles consistently closing in the red and breaking below the mid-line support. Overall technical indicators are weakening across the board, and the market's downside space is further opened up.
From the four-hour chart, after the price rose to the 74000 level, it turned weak again, with continuous bearish candles breaking the original range. The Bollinger Bands are starting to diverge downwards, and the bearish structure is becoming increasingly evident. In this structure, intraday rebounds are more inclined towards short positioning opportunities.
Combining the current trend, the morning operation ideas are as follows:
$BTC : 66500—66700 range for short positioning, targeting around 65000.
$ETH : 1950—1990 range for short positioning, targeting around 1880.
The market is highly volatile, so please pay attention to reasonable position and risk control.