#BTC 12.1 Evening Bitcoin Ethereum market analysis and trading suggestions
The current market structure is weak. Although the four-hour level has temporarily stopped falling, the rebound strength is weak, and the price has only slightly warmed up, making it difficult to reverse the downward trend established by the previous large bearish candle breaking below the lower Bollinger Band. The selling pressure triggered by news has dominated the trend, and the current rise is more of a technical correction, clearly lacking sustained buying support. Guan Zhu Gong 🀄 Hao: Sheng Dong Trend Theory.
The hourly level further confirms weakness: After a deep decline, the market has only seen a four consecutive small upward rebound, with the Bollinger Bands continuing to open downward, indicating that market momentum is still dominated by bears, with significant selling pressure above and rebound space being notably suppressed. Overall, the market shows a weak consolidation pattern, with bulls lacking effective counterattack momentum, and prices tend to further test recent lows.
Overall, the market is still in a downward channel, and a short-term rebound is expected to be difficult to sustain, with a high probability of continuing the bottom-seeking trend in the future. In terms of operations, it is recommended to follow the trend, with the main idea being to take short positions after a rebound. Pay attention to the pressure signals when the price pulls back near the lows. This evening, maintain a high short position direction and be mindful of risk control.
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#BTC 12.1 Evening Bitcoin Ethereum market analysis and trading suggestions
The current market structure is weak. Although the four-hour level has temporarily stopped falling, the rebound strength is weak, and the price has only slightly warmed up, making it difficult to reverse the downward trend established by the previous large bearish candle breaking below the lower Bollinger Band. The selling pressure triggered by news has dominated the trend, and the current rise is more of a technical correction, clearly lacking sustained buying support. Guan Zhu Gong 🀄 Hao: Sheng Dong Trend Theory.
The hourly level further confirms weakness: After a deep decline, the market has only seen a four consecutive small upward rebound, with the Bollinger Bands continuing to open downward, indicating that market momentum is still dominated by bears, with significant selling pressure above and rebound space being notably suppressed. Overall, the market shows a weak consolidation pattern, with bulls lacking effective counterattack momentum, and prices tend to further test recent lows.
Overall, the market is still in a downward channel, and a short-term rebound is expected to be difficult to sustain, with a high probability of continuing the bottom-seeking trend in the future. In terms of operations, it is recommended to follow the trend, with the main idea being to take short positions after a rebound. Pay attention to the pressure signals when the price pulls back near the lows. This evening, maintain a high short position direction and be mindful of risk control.
In the evening, you can short Bitcoin around 87000, targeting 85000.
In the evening, Ether can be shorted around 2860, targeting 2750.
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