Saturday Night Thoughts

Heartbeat racing wildly with the price movements, the market changes in an instant. You just need to seize that fleeting opportunity and strike precisely, and wealth will surge in like the tide. During the day session on Saturday, the market showed a choppy downward trend. After peaking at the 85,620 level in the morning, the price stopped rising and began to fall, reaching as low as the 83,500 level by the afternoon. Ethereum moved in sync with Bitcoin during the day session, with the price dropping from the morning high of 2,783 all the way down to the afternoon low of 2,702. Today, Shengge arranged short positions for both Bitcoin and Ethereum and captured them all as planned. In the morning, both Bitcoin and Ethereum shorts were set up, entering at around 85,138 and 2,768 respectively, and closing at around 84,008 and 2,734. The Bitcoin short secured 1,100 points, and the Ethereum short secured 34 points. In the afternoon, Shengge again set up short positions for both, entering at around 84,599 and 2,759, and closing at 83,678 and 2,711. The Bitcoin short again secured 900 points, and the Ethereum short secured another 48 points.

From the current market perspective, the four-hour chart shows that after a round of rebound, the market has entered a choppy slow decline. Although the bearish candles are relatively small and there are minor pullbacks, the overall market sentiment remains bearish. The Bollinger Bands are still trending downward, so the overall trend remains bearish. On the one-hour chart, after breaking below the middle band, the market entered a consolidation phase, with prices oscillating between the middle and lower Bollinger Bands. All indicators are converging, and the tug-of-war between bulls and bears continues, so there is unlikely to be a wide range in the short term. Therefore, for tonight's operations, we can maintain the strategy of selling high and buying low.

BTC: Short near 85,000; target 83,000
ETH: Short near 2,750; target 2,650

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