In the morning, the market saw a slight drop of 349 points after the peak, and the structure quickly weakened, causing the price to break key support. After confirming the signal, we promptly informed the actual trading students to enter the market, leading to a complete downward movement with a total gain of 1740 points. The oil price at 48685 is important, but what's even more crucial is switching at the first sign of structural change; this is the core value of actual trading.
From the morning's structure, the price relied on support below to make a short-term rebound. Therefore, the original expectation was a continued upward move near the middle track. However, the market direction changed drastically, with continuous bearish candles breaking through the one-hour moving average support, and the four-hour large bearish candle directly engulfing the previous rebound body, while the lower shadow did not show volume support. This indicates that this wave was an active sell-off rather than a normal pullback for repair, with sentiment quickly switching from strong to weak consolidation. In the current structure, the one-hour remains in a weak bearish gradient, and the four-hour has fallen back below the middle track. Short-term bullish momentum is clearly insufficient, and the price is likely to exhibit a weak oscillation trend. Future operations should follow the trend to avoid passive losses. The strategy is to short on rebounds.
Bitcoin: 90000–90500 short, target around 88500;
Ethereum: 3200-3230 short, target around 3050. #BTC #ETH $BTC
