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Opportunities lie in changes, and winners act decisively. The market will not wait for you, and competitors will not give you a break. Yesterday's hesitation is today's regret. The intraday trend basically aligns with our bearish outlook; Bitcoin did not provide much of a rebound in the evening, starting to fall from the morning high of 91934, with short positions moving quite steadily. Currently, it has touched a low of 85563, without giving much of a rebound intraday. Ethereum's rebound halted at around 3052 in the morning, following the same rhythm as Bitcoin, with short positions remaining strong. It has currently touched a low of 2805. After regrettably triggering stop losses from the morning's dip buying, we guided entry for short positions near BTC 89300, hitting the take profit level at 87000, gaining 2300 points. For Ether, we entered short positions around 2943, advising to exit at 2838, securing 105 points. Bearish outlook for Monday, a strong opening, and once again, precise control.
From the current market situation, after today's continuous decline at the daily level, it has once again lost the 90,000 mark. After today's consolidation and correction, Bitcoin continues to maintain its lower lows and has tested downwards multiple times. It has now broken through the key boundary between long and short positions frequently mentioned by Lao Chen, which is also the middle track of the four-hour level. At the four-hour level, it is still in a continuous bearish state, and repeated downward movements have made the short positions increasingly strong, suggesting that there is still potential for further declines in the short term. The four-hour chart is still in a very strong downward trend; although the recent upward movement has recovered some lost ground, the overall strong bearish trend remains unchanged. Any rebounds are futile. While the bullish momentum cannot be said to be absent, it is insufficient to change the overall market trend. Currently, various moving average indicators have also reversed direction.
Operation suggestions:
Short positions can be taken at 86300-86500 on Monday evening, with a target of 84000.
Short positions can be taken on Ethereum at 2850-2880, with a target focus on 2700.