$ETH The market has experienced a drastic decline, with Bitcoin showing a one-sided volatility of over 6000 points during the day, and Ethereum dropping by 230 points simultaneously. Currently, the market is undergoing a consolidation phase. The bullish outlook provided in the morning has regrettably resulted in a small loss upon exit, with significant pullback intensity and speed.

From the current chart, Bitcoin's four-hour line shows a consecutive bearish trend. The overall movement is above the middle track, having slightly come under pressure after hitting the upper track last week, and is now moving lower. There are signs of testing the middle track support again in the short term. If this position breaks down, it will lead to a substantial and continued decline. The four-hour level has formed a continuous wave-like decline after being pressured from the upper track last week and is currently in a second downward wave, with the swing from the upper track dropping below the lower track and continuing to move down closely along the lower track. The short-term trend has been taken over by bears. Therefore, today's operation suggests primarily short-selling on rebounds.

Bitcoin: Short near 88000 Target 85000

Ethereum: Short near 2860 Target 2750#加密市场反弹