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Morning thoughts
From the market perspective, the 4-hour cycle shows increased volume breaking below the lower Bollinger Band, indicating a shift from the high-level consolidation pattern. This morning, the price dropped sharply, with the lowest touching 64,918. Currently, all cycle moving averages are in a bearish alignment, and the price is under the short-term moving averages. The KDJ indicator shows a death cross downward, indicating ample bearish momentum. Short-term rebounds are weak, and the downtrend is clear.
Trading suggestions:
Bitcoin around 67,000, target near 65,500
Ethereum around 2,020, target near 1,980
Three Stripes+
Btc244930
Gen Dan
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4450829
Gen Dan
q+
907
103
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