The current price is hovering around 79,800. The middle band of the Bollinger Bands is pressing down hard, and the price has been grinding near the lower band—an unmistakably bearish setup. As long as the rebound can’t break above 80,150, this low-volume weak rebound is basically handing out a short entry; the target directly looks to the previous low—79,605. Once that level breaks, it will be heading straight for 79,000. Chasing a short at this spot isn’t a great cost-performance ratio; wait for a bounce, and then continue to short. $BTC $ETH

BTC-2.13%
ETH-2.8%
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