The afternoon Bitcoin price compared to 86886 encountered pressure and fluctuated downward. In the evening, the market volume increased again and fell, stabilizing after dropping to 86786. Ethereum followed the decline, dropping to 2718. In the morning to afternoon, Lao Hu provided a short position strategy, and those who followed must have had good gains. The intraday market volatility was large, and Lao Hu accurately grasped the wave rhythm, not overly participating in short-term speculation. Bitcoin's two short positions captured a total of 5541 points, while Ethereum's two short positions also captured 260. Clear thinking and decisive layout, following Lao Hu, the opportunity to profit in a trending market is never vague.

On the daily level, after giving a small bearish candle, the market consolidated and then formed a large bearish downward trend. After the price peaked at 93080, it remained under pressure below the middle Bollinger band, subsequently creating a weak structure of rising and then breaking down. The price fell below the previous consolidation support to 83786, and the strength of the bears goes without saying. Although there was a slight rebound on the 4-hour level, the rebound candle's body was short and weak, failing to recover the key resistance level. There were no effective stabilization reversal patterns during the decline. The short-term rebound is merely a technical repair under the bearish trend, unlikely to change the overall downward rhythm. For subsequent operations, Lao Hu recommends continuing to short in the direction of the trend.

Operation Suggestions

Bitcoin can be shorted near 85500——86000, targeting around 83000

Ethereum can be shorted near 2760—2780, targeting around 2660$BTC $ETH