Don't be a reckless market player, only be a follower of trends to steadily grasp core profits amid fluctuations. Reviewing the morning's Bitcoin and Ethereum market trends, Bitcoin dropped from a high of 90400 to a low of 89300, while Ethereum followed Bitcoin's path, retracing from a morning high of 32140 to a low of around 3165. The morning strategy clearly indicated to short during rebounds. Yang Jie’s team accurately guided students to enter Bitcoin and Ethereum at 91000 and 3261, and exit at 89541 and 3173, achieving a profit of 1460 points for Bitcoin shorts and 90 points for Ethereum shorts.
Currently, the Bitcoin market shows a clear downward trend. In the four-hour candlestick chart, the long bearish candle directly broke through the middle Bollinger Band support, and subsequent rebound momentum is lacking. Under the pressure of the moving average system, it has weakened again, highlighting that the current market is dominated by bearish forces. The one-hour candlestick chart shows a stair-step downward trend of consecutive bearish candles, with prices continually running along the lower Bollinger Band. Multiple technical indicators remain in a weak range, and any small rebounds that occur are merely technical corrections after an oversold condition, lacking sustained buying support. Overall assessment indicates that the current price is still in a downward oscillation channel.
Bitcoin: Short position layout in the range of 90500-91000, targeting 88500.
Ethereum: Short position layout in the range of 3200-3230, targeting 3100.
