$BTC Tuesday afternoon thoughts

There is no step-by-step approach here, only sudden changes! With a hundredfold leverage, your funds can instantly possess unimaginable explosive power. Every price fluctuation could be the prelude to financial freedom. While others are still cautiously navigating traditional investments, you can ride the waves in the cryptocurrency contract market. On Tuesday morning, Bitcoin's market showed a strong one-sided downward trend, with the price slightly retreating to the high point around 92399 before dropping to the low point around 89253 by noon. Ethereum similarly fell from the morning high around 3049 to the noon low around 2943. Brother Sheng provided a bearish outlook in advance, and the market perfectly fulfilled it, while simultaneously setting up short positions in Bitcoin and Ethereum, entering around 92022 and 3039 respectively, and taking profits around 90028 and 2960. The Bitcoin short position gained 2000 points, while the Ethereum short position gained 79 points.

Based on the current market situation, the four-hour level shows that after a slight rebound, the market has again shown a two consecutive bearish trend. Bearish momentum still exhibits a divergent state; although the long lower shadows have consistently formed below the bearish candles, there is some resistance during the price decline. However, the weak trend has already taken shape, and even if the market rebounds, it is merely a last-ditch effort. From the one-hour level, the market shows a stair-step downward movement, with prices closely adhering to the lower Bollinger Band. Although there has not been a strong breakthrough of the lower band, the overall market trajectory remains within a downward channel, so it is highly probable that the bearish trend will continue. Thus, in the afternoon, we maintain a strategy of high shorts after a rebound. #美联储重启降息步伐 $ETH

BTC: Can short around 91000, target at 88500

ETH: Can short around 3050, target at 2900