This morning, the Bitcoin and Ethereum short positions have been successfully closed for safety, and the profits once again confirm the value of trend judgment. When the strategy aligns with the market rhythm and strict discipline is maintained in execution, profits will naturally manifest at the right moment— the essence of trading lies in understanding the direction and responding calmly.
From a one-hour perspective, the price has halted its decline and is rebounding after experiencing a strong drop, and the overall market is entering a repair phase. Bulls are gradually recovering upwards, but the overall weak pattern has not changed and remains bearish. Although the price has rebounded above the middle band of the Bollinger Bands, the market shows a relatively strong pattern in the short term. However, considering the overall halt, the current rebound phenomenon is merely a normal corrective rebound within a downward trend. After this round of rebound ends, the possibility of a second downward probe is high, so it is advisable to wait for the end of the rebound to reassess short positions.
Operation advice:
Bitcoin: short near 89800-90200
Target: near 88000
Ethereum: short near 3150-3170
