Afternoon Analysis


From the market perspective, Bitcoin's rapid decline from the high of 88167 has been met with weak rebounds, remaining under the pressure of the MA7 moving average throughout, with insufficient bullish support; combined with the selling pressure from previous trapped positions and the negative feedback from leveraged liquidations, market sentiment is extremely fragile.
Until hawkish expectations are disproven and market sentiment stabilizes, the probability of Bitcoin continuing its downward trend is relatively high. If it breaks below the short-term support of 81118, the downward space will further open. Operationally, it is recommended to rely on rebound resistance levels to strategically position short positions.
Operational Suggestions
Short positions around 83000-83500 for Bitcoin, targeting 81000-81500
Short positions around 2750-2780 for Ethereum, targeting 2600-2630
BTC-5,33%
ETH-5,77%
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