The bearish trend is expected to exert force, and the downward channel is steadily taking shape. A brief rebound in the morning was followed by the major coin touching the 89000 line before subsequently facing pressure and falling back as anticipated. The rebound strategy provided in the morning was once again accurately predicted. Friends who have followed the strategy should hold patiently; for those who have not entered the market, simply follow the trend and take a short position.
Currently, the market is running downward as expected, and the overall downward trend is steadily presenting itself. The market's bearish revival has formed an inevitable pattern. On the four-hour level, the market has experienced continuous downward movement, with K-lines persistently probing lower, guiding the overall market downwards. The bearish pattern is continuously gaining strength, and the MACD technical indicator shows an expanding top divergence death cross pattern, indicating a very strong continuation of the bearish market. On the hourly level, a strong bearish pattern has formed, with the market experiencing five consecutive downward movements, and the Bollinger Bands' three lines are synchronously extending downwards, with the market dominated by the bearish trend. The current short-term lower resistance can focus on the previous target level of 87000. Ethereum is synchronously arranged.
Major coin target 87000, breakthrough at 86500
Ethereum target 2900
