Acting in accordance with circumstances allows you to seize opportunities! The overall market showed a one-sided downward trend today, with Bitcoin starting a strong downward mode near 91500 in the morning, reaching a low of 83786 points. The performance of Ethereum is highly synchronized with Bitcoin, significantly retreating from 3040 points, and dropping to a low of 2718 points in the evening. Jinlin Shipan closely follows the market rhythm, accurately grasping the downward trend, with Bitcoin capturing 10276 points of space, and Ethereum obtaining 276 points of space!!!

From the current market perspective, after a series of bearish movements, the daily level has recorded another solid bearish candle, and prices are fluctuating downward while continuously approaching the lower support of the Bollinger Bands, clearly showing an overall downward wave structure. Although today's K-line has a certain lower shadow, the bearish pattern on the daily has been established, and the previous rebound correction trend has ended, with expectations for continued downward testing of the strength of the lower Bollinger Bands support at this level. On the four-hour level, the market experienced a brief stabilization and rebound after two consecutive bearish drops, but the momentum is lacking and has not been able to establish an effective upward trend. The current price rebound is merely a normal technical correction, and the moving average system at this level remains in a downward arrangement, with the short-term downward trend unchanged. Midnight operations should focus on the price at the support level, acting in accordance with circumstances, and remember to maintain good defense!!

Tuesday early morning thoughts: Bitcoin around 85600-86000 as support, targeting near 83000.

Tuesday early morning thoughts: Ethereum around 2760-2790 as support, targeting near 2600. $BTC $ETH