Take a break, be right back friends! The short sellers have been intensifying since last night, creating a continuous waterfall, and the market's bearish sentiment is very strong. Following this, there was a wave of sustained downside at midnight, after which the short-term short positions gradually ran out of momentum, showing a certain amount of rebound recovery. This wave of decline saw Bitcoin drop to a low of 85000, and Ethereum to a low of 2890. This wave of shorts has also provided us with very timely opportunities, with Zhuowei's real trading layout seeing a four consecutive wins in short positions yesterday, successfully capturing 3200 points in Bitcoin and 210 points in Ethereum, yielding a bountiful harvest.
Currently, the market is in a rebound recovery phase, and market momentum needs a certain amount of sedimentation and accumulation before it can continue to decline again. Looking at the four-hour level, the K-line has returned to within the Bollinger Bands, currently hovering near the lower track of the Bollinger Bands. Subsequently, the market has returned to a bearish trend, with the three tracks of the Bollinger Bands continuing to expand and release, while the middle and lower tracks extend downward, indicating very strong short momentum. Combined with the MACD technical indicator, the overall market presents a top divergence golden cross pattern, with the overall chart operating below the zero track, and the bearish bars occupying the overall chart, indicating a very strong bearish trend. The morning's rebound recovery adjustment is gradually coming to an end, and the subsequent layout can continue to maintain the rebound and short positions.
Bitcoin short in the range of 86500-87000, target below 85000
Ethereum short in the range of 2980-3010, target below 2890
