$BTC Good evening everyone. The short-selling strategy provided this morning has once again achieved over 900 points of space. It’s not that our strategy is particularly accurate, but we are able to assess the market trends in a more professional and objective manner. Currently, the price is still oscillating narrowly around 880000, and the intraday trend is also showing signs of fatigue. Although there was an attempt to rebound this morning, it failed to effectively break through the mid-level resistance of 890000 above.
At the hourly level, the price has come under pressure after a brief rebound this morning, indicating the firmness of the pressure above. Now, after the opening of the U.S. stock market, the price has also received a stimulus. The Dow has fallen, and the market has directly dropped, giving another move downwards. However, this momentum is not very significant, as the Nasdaq opened higher, and the bulls still provided a certain level of support. It’s highly likely that there will be continued oscillation tonight before making another move; I have also mentioned several times during the live broadcast that Bitcoin is currently related to the tech sector—does anyone remember? At the four-hour level, the price has also been running near the middle band of the Bollinger Bands, with the pressure above still obvious. Although it is currently operating at a high level, the MACD momentum bars are also continuously shortening, and the fast and slow lines are showing signs of turning above the zero axis. This is a typical top divergence pattern. Therefore, it is still recommended to focus on shorts in tonight's operations. #ETH
Bitcoin can be shorted around 89000-88500, looking at 86500.
Ethereum can be shorted around 2940-2960, looking at 2850.
At the hourly level, the price has come under pressure after a brief rebound this morning, indicating the firmness of the pressure above. Now, after the opening of the U.S. stock market, the price has also received a stimulus. The Dow has fallen, and the market has directly dropped, giving another move downwards. However, this momentum is not very significant, as the Nasdaq opened higher, and the bulls still provided a certain level of support. It’s highly likely that there will be continued oscillation tonight before making another move; I have also mentioned several times during the live broadcast that Bitcoin is currently related to the tech sector—does anyone remember? At the four-hour level, the price has also been running near the middle band of the Bollinger Bands, with the pressure above still obvious. Although it is currently operating at a high level, the MACD momentum bars are also continuously shortening, and the fast and slow lines are showing signs of turning above the zero axis. This is a typical top divergence pattern. Therefore, it is still recommended to focus on shorts in tonight's operations. #ETH
Bitcoin can be shorted around 89000-88500, looking at 86500.
Ethereum can be shorted around 2940-2960, looking at 2850.
