8.30 Saturday early morning Bitcoin Ethereum market analysis and trading suggestions

Remember: The market always follows the survivor bias. If you only see the wealth freedom of top influencers while ignoring the VIP retail investors queuing on the rooftop, you will ultimately become a victim of the classic saying from the market makers—"If you trust me, hold on; if you don't, get off." Only by taming emotions, making plans, and diversifying risks can one grasp the ladder in chaos, rather than fall into the abyss. Today's market shows a fluctuating downward trend. Bitcoin started the pullback from a high of 112600 in the early session, continuously probing down to the support level of 109425 during the session. Although it rebounded to around 111460 for a while, the bullish momentum was clearly insufficient, and it subsequently fell back under pressure, reaching a low of 108283 by the time of this report. Ethereum's movement was synchronized, fluctuating down from a high of 4517, briefly finding support at 4322 before rebounding to around 4457, but it failed to continue the upward momentum, currently probing down to a low of 4268. We maintain a bearish view from yesterday, and today's operational strategy accurately captures the market rhythm, with all target levels perfectly realized. In terms of specific operations: Bitcoin has a total of three short positions, accumulating a gain of 5250 points; Ethereum also executed three short position strategies, totaling a gain of 351 points.
From the current technical analysis of the market, the 4-hour K-line has entered a明显的下降通道 after touching the upper band of the Bollinger Bands. Observing the market, we can find that although there have been two rebounds during the price decline, the strength of the rebounds has been relatively limited. This rebound pattern clearly belongs to the category of technical corrections and has not effectively broken through the suppression of the downward trend line, nor has it changed the overall bearish pattern in the short term. Each decline has been accompanied by a moderate increase in trading volume, indicating that bearish forces still dominate. As for the MACD indicator, the fast and slow lines continue to operate below the zero axis, and the histogram shows a gradually expanding trend, further verifying the current bearish atmosphere in the market, so we will still maintain a bearish outlook in the early morning.
Bitcoin: Short sell near 108800, short-term target 106000
Ethereum: Short position can be taken near 4320-4350, with a short-term target of 4200.

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