Do not trade with the anxiety of missing out, nor persist with the despair of being trapped. Calm your mind to see the emotions behind the K-line clearly.
The best investment is learning in a bear market and practicing in a bull market. The market will never close, but opportunities are always reserved for those who are prepared. The Bitcoin price is showing a one-sided downward trend throughout the day. It plunged from a high of 91592 in the morning to a low of 85563 by noon, and by evening, the price further declined to the day's lowest point of 83786. The Ethereum trend is similar to that of Bitcoin. The price began to decline from a high of 3040 and eventually fell to the day's lowest point of around 2718 in the evening.
From the daily structure, the price has shown four consecutive bearish candles, continuously under pressure below the middle band of the Bollinger Bands. Currently, the middle band of the Bollinger Bands continues to move downward, and key support has been broken, indicating that the downside space is gradually opening up. The four-hour level trend is even weaker, with prices running closely along the lower band of the Bollinger Bands, and the overall structure remains firmly bearish. The current rebound can be seen as a technical correction within the downward trend, rather than a trend reversal. Against the backdrop of significantly insufficient rebound momentum, the probability of continued decline in the future market is relatively high. The thoughts from early morning remain unchanged, and it is recommended to focus on short positions during rebounds.
Trading Suggestions:
Bitcoin: Short near 85200-85600
Target: Around 84000
Ethereum: Short near 2760-2780
