The entire market sentiment isn't very comfortable today; when the market rises, the whales dump, and when it pulls back, the whales push it up again, with bulls and bears constantly washing each other out. Can you handle this? A trade setup in the afternoon for Kongdan was unfortunately swept out at the stop-loss, Bitcoin lost 296 points, and Ethereum has 28 points of space. In the evening, Lao Yang followed up with another wave of Kongdan, and the market sentiment was very strong, successfully recovering over 10,000 in profit. The market never lacks trading opportunities; stay calm and wait for your chance, and the trend will come naturally. Moving slowly can actually take you further.

From the current market situation, the overall trend continues the weak downward structure seen in recent days, with Ethereum's movement syncing with Bitcoin. The long-term bearish pressure has not yet been lifted. On the daily chart, after the Bollinger Bands continued to open downward, they are now entering a contraction phase. The momentum of both bulls and bears is beginning to converge, with the price moving entirely below the middle band, forming a short-term resistance zone at 66,500. The MACD has not yet formed a golden cross; the green bars are shrinking, indicating that the downward momentum is weakening, but only in terms of slowing the pace of decline. The bulls do not have the strength to reverse the current trend. On the hourly chart, after a series of consecutive down candles, a small bullish candle closed, but it did not break through half of the previous bearish candle's body, showing that the bulls' strength is weak. There is still a large amount of trapped positions above, and each rebound by the bulls is accompanied by selling pressure. Therefore, our trading strategy remains focused on rebounds in Kongdan.

In the early morning, short Bitcoin at 66,000-66,500, targeting around 64,500.
In the early morning, short Ethereum #Gate现货交易量逆势增长增幅全球第一 at 1,800-1,830, targeting around 1,700.