Bear market strikes again, is the bull trend gone?
Bitcoin surged to around 118800 around midnight and then entered a downward trend, hitting a low of 115300. After more than 3000 points of adjustment in the morning, the current level is 115000, serving as the support below. If it breaks, there will definitely be more space. Looking at the four-hour chart, the Bollinger Bands are narrowing, and the MACD bearish momentum is increasing again. In the future, the bearish trend may lead to a second pullback. Ethereum peaked around 3878 yesterday afternoon at 3 PM and then also entered a downward trend, with the price dropping to a low of 3682, a decline of nearly 200 points. This wave of market movement is also quite obvious; Ethereum surged previously, so the adjustment is also significant, which is a normal phenomenon. The future outlook is basically in line with Bitcoin, focusing on rebounds and short positions. For market inquiries, btc0297
Bitcoin trading advice: Enter short positions around 116500-117000, target: 115000-114000, risk control: 117500
Ethereum trading advice: Enter short positions around 3700-3750, target: 3620-3570, risk control: 3780
Bitcoin surged to around 118800 around midnight and then entered a downward trend, hitting a low of 115300. After more than 3000 points of adjustment in the morning, the current level is 115000, serving as the support below. If it breaks, there will definitely be more space. Looking at the four-hour chart, the Bollinger Bands are narrowing, and the MACD bearish momentum is increasing again. In the future, the bearish trend may lead to a second pullback. Ethereum peaked around 3878 yesterday afternoon at 3 PM and then also entered a downward trend, with the price dropping to a low of 3682, a decline of nearly 200 points. This wave of market movement is also quite obvious; Ethereum surged previously, so the adjustment is also significant, which is a normal phenomenon. The future outlook is basically in line with Bitcoin, focusing on rebounds and short positions. For market inquiries, btc0297
Bitcoin trading advice: Enter short positions around 116500-117000, target: 115000-114000, risk control: 117500
Ethereum trading advice: Enter short positions around 3700-3750, target: 3620-3570, risk control: 3780
