Trading philosophy: Look for trends in the long term, find entry points in the short term;
Technical Analysis: Regarding Bitcoin, the monthly, weekly, and daily candlesticks are closing with bearish K lines near 108200. The Bollinger Bands continue to open downwards, and the MACD moving averages are continuing to trend downwards, with bearish volume continuing to increase. The KDJ is also trending downwards. On the 4-hour chart, the Bollinger Bands are starting to open slightly downwards, the MACD moving averages are beginning to flatten, bullish volume is starting to decrease, and the KDJ line is beginning to trend downwards.
In terms of Ethereum, the monthly chart closes with a bullish candle, the weekly chart closes with a bearish candle, and the daily chart shows a pin bar bullish candle near 4390. The Bollinger Bands are starting to run flat, and the MACD moving averages continue to move downward. The bearish volume continues to increase, and the KDJ line continues to move downward. On the 4-hour chart, the Bollinger Bands are starting to slightly open downward, the MACD moving averages are beginning to flatten, the bullish volume continues to decrease, and the KDJ line is starting to move downward.
The current market correction has not yet ended. I have been laying out short positions, and the subsequent market movement has confirmed the direction is correct. I recommend continuing to short at high positions!
Operation suggestion: Short at a high position!
Short Bitcoin at 107500-108000, target 106500-105000, with a stop loss at 109000.
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Trading philosophy: Look for trends in the long term, find entry points in the short term;
Technical Analysis: Regarding Bitcoin, the monthly, weekly, and daily candlesticks are closing with bearish K lines near 108200. The Bollinger Bands continue to open downwards, and the MACD moving averages are continuing to trend downwards, with bearish volume continuing to increase. The KDJ is also trending downwards. On the 4-hour chart, the Bollinger Bands are starting to open slightly downwards, the MACD moving averages are beginning to flatten, bullish volume is starting to decrease, and the KDJ line is beginning to trend downwards.
In terms of Ethereum, the monthly chart closes with a bullish candle, the weekly chart closes with a bearish candle, and the daily chart shows a pin bar bullish candle near 4390. The Bollinger Bands are starting to run flat, and the MACD moving averages continue to move downward. The bearish volume continues to increase, and the KDJ line continues to move downward. On the 4-hour chart, the Bollinger Bands are starting to slightly open downward, the MACD moving averages are beginning to flatten, the bullish volume continues to decrease, and the KDJ line is starting to move downward.
The current market correction has not yet ended. I have been laying out short positions, and the subsequent market movement has confirmed the direction is correct. I recommend continuing to short at high positions!
Operation suggestion: Short at a high position!
Short Bitcoin at 107500-108000, target 106500-105000, with a stop loss at 109000.
Short Ethereum at 4380-4420, target 4300-4200, with a stop loss at 4480;
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