This wave of momentum has once again arrived as expected, the market is declining as anticipated, and the timing for closing short positions is now in place. This decline has been emphasized repeatedly, and those who follow along can clearly see the profitable market. Are you still hesitating? Friends who are on board can leave the market or reduce their positions as they see fit. In the actual market layout, the previous positioning for the short Bitcoin was entered around the 89900 level, with Ethereum entering around the 3046 level. Successfully closing in the evening, Bitcoin gained over 3000 points of space, and Ethereum gained 130 points of space. The layout for Bitcoin shorts during the day was entered near the high point of 88700 during the afternoon rebound, successfully taking profits with a gain of 17000 points. This wave of decline has once again been fully realized.
The current downward break has formed, with shorts continuously strengthening, and short-term rebounds may still look downward. Looking at the four-hour level, the K-line is testing the lower track under pressure in the short term, and the bearish pattern is very strong. On the MACD technical indicators, the top divergence and downward exploration are unstoppable, with the bearish trend continuously expanding downwards. At the hourly level, this pattern is even more pronounced, with the overall market running below the zero axis, and bears dominate the market. The subsequent rebound thinking of entering short positions remains unchanged, with strong downward momentum.
Bitcoin short in the 87500-88000 range Target 86000
Ethereum short in the 2940-2960 range Target 2850
