Today's market market analysis and expected strategy: Look at the downward trend of shocks, the rebound is mainly short, and wait for the second time to search for the bottom.
Market analysis:
Weekly level:
The market closed around 26000, which looks like a double top and double bottom weekly box shape (25000-31500)!
The box shape is regarded as a large-scale shock trend before breaking, so it will see an upward rebound trend in the near future before falling below 25,000. The rebound target is near 30,000, which is point B.
(If it falls below the previous low closing line this week below 25,000, it is very likely to form a breaking trend and then postpone it downward to the target of 21,500)
Daily level:
After experiencing a big slump, the volume was reduced for two days over the weekend, and we are still in the recovery stage after the downward trend.
It is expected that a range-bound trend will form between 25,000 and 26,500 to digest the negative market sentiment after the sharp decline, and rebound after a second bottom or a third bottom.
At the hourly level, it is in a concussive downward trend. At the small level, a triangle consolidation pattern is formed. If we continue to look downward, we can go short near 26300, cover the position at 26600, stop loss at 26700, and take profit at 25600-25400.
ETH: The trend is the same as that of BTC
Recommended strategy: short 1720 near 1695 and add position, take profit 1655/1640, stop loss 1730