On the daily chart, Bitcoin has closed with two consecutive long upper shadow bearish candles, with the bulls' multiple rounds of counterattacks completely crushed by the bears. Selling pressure remains high, and the signal of high pressure is evident in the candlestick pattern. Currently, the price of the coin is running tightly along the lower Bollinger Band, and the weak pattern is not just a short-term disturbance but an inevitable trend evolution.
From a technical structural breakdown, the price at the 4-hour level has encountered resistance and retreated at the upper edge of the ascending channel. Although it seems there are still signs of warming, the bullish momentum has already been exhausted. The three lines of the Bollinger Band are showing a downward opening divergence, with the trend direction being clear and unambiguous, completely controlled by the bears.
Although there is a technical expectation for short-term market repair, this is merely a brief respite in the downward process and is by no means a precursor to a trend reversal. The height of the rebound will be strictly suppressed, and any upward actions will create excellent entry opportunities for the bears.
The bearish trend continues, and in a weak market, one should not easily talk about bottom fishing. Future operations should anchor on high short strategies, abandoning the fantasy of bullish rebounds; any rebound is a golden window for laying out short positions.
It is recommended to short Bitcoin around 85500-86200, with a target looking down at 83000. If it breaks down further, look towards the 80000 level, with a long-term target aimed at 74000.
For Ethereum, it is recommended to short around 2850-2880, with a target looking down at the 2740 line. If it breaks down further, look towards the 2600 level, with a long-term target aimed at 2400. $BTC $ETH #美国非农数据超预期 #巨鲸动向 #加密市场观察 #ETH走势分析
