The overall market is undoubtedly dominated by bears, and the overall trend is bearish. Recently, Zhuo Wei also provided suggestions for the downward trend in advance, constantly reminding everyone of the effectiveness of the subsequent downward momentum. Friends who followed along must have their own experiences! The U.S. stock market is closed for the past two days, and the market volatility is relatively weak. For future arrangements, it is recommended that everyone mainly focus on short-term operations.
In the four-hour cycle, the market continues to oscillate at the lower range of the Bollinger Bands, with the battle between bulls and bears reaching a fever pitch. The resistance and support at key positions above and below are extremely strong, making it difficult to achieve substantial breakthroughs in the short term. From an overall technical perspective, the market is still in a bearish pattern, with bearish momentum continuing to dominate the trading floor. For future operations, it is recommended to position around the high-pressure area of the oscillation range, placing short positions in line with the trend.
Short near 88000 for Bitcoin, target 86500
Short near 2990 for Ethereum, target 2900
