With this bearish pattern progressing, friends must be at a loss for words, right? Given such strong downward momentum, how are friends doing? Have you kept up? The high position shorts given this morning were also very ideal, with Bitcoin peaking around 87800, and Ethereum at 2976, subsequently facing expected pressure and retreating. Bitcoin fell to a low around 86700, and Ethereum at 2916.
Currently, there is a certain amount of rebound repair in the market, but the overall rebound momentum is clearly weak and ineffective. On the four-hour level, the market has seen three consecutive bearish candles, with the K-line continuously guiding the market downwards. The lower Bollinger Band is continuously expanding downwards, and the downward channel is steadily opening, leading to the development of a bearish trend. According to the MACD technical indicator, the top divergence in the bearish pattern is unstoppable, and the overall market is dominated by solid bearish histogram bars. The bearish pattern is very strong, and the death cross pattern continues to expand, indicating strong bearish continuation. Future arrangements should continue to look downward.
Bitcoin downward target 86000 Ethereum 2870
