Morning Market Trend Analysis

Currently, the market shows a consolidation pattern with oscillations in the early hours, and the overall fluctuation range is relatively convergent, without a clear breakout signal. The price is moving within the range of 79.4k to 80.3k, fluctuating between the upper and lower boundaries, neither forming an effective breakout. The Bollinger Bands are trending downward, indicating a bearish trend, and the market is in a consolidation phase under a downtrend. Last night, we shorted near 80.2k, and our early morning short position was validated, capturing a 600-point move.
Looking at the early market, the Bollinger Bands continue to trend downward, and the moving averages are diverging. This suggests that the bearish momentum has not yet exhausted. For early trades, I personally recommend leaning towards short positions.
Trading Suggestions:
Short around 80,000 on Bitcoin, with a target down to 78,500
Short around 2,315 on Ethereum, with a target down to 2,255
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