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Morning Analysis
Bitcoin daily chart and four-hour double cycle are weakening, moving averages are suppressing, MACD death cross continues, all small rebounds are just corrections in a downtrend, bulls lack reversal strength, the overall pattern remains bearish, and trading with the trend for shorting is the only main strategy.
Trading Suggestions
Short positions around 62,000-62,500 on Bitcoin, target around 60,000-60,500
Short positions around 1,640-1,660 on Ethereum, target around 1,600-1,580$BTC $ETH #Gate直通IPO认购SpaceX