2.25BTC/ETH Market Outlook:



Bitcoin daily chart shows three consecutive down days, each candle larger than the previous one. As long as the high-level shorting strategy is followed, every day can be a profitable opportunity—no doubt, easy to grasp! Whether it's shorting Bitcoin at 65,500 and 66,500 on Monday, Ethereum at 1900, or shorting yesterday at 64,500 and 1850 on Tuesday, there are profits to be made!

After three consecutive daily declines, yesterday broke below the lower band. Today, the opening is above the lower band. Although the KDJ and RSI are still turning downward, they are clearly flattening and slowing down. The MACD shows divergence, with bullish volume continuing to shrink. The reason the price isn't falling further is that the lower band space is limited. Currently, the price is close to the lower band, but the lower band hasn't continued downward, leaving room for the bears. So, look for short opportunities, favoring high-level shorts. The downside space hasn't fully opened yet, so the market may rebound or consolidate sideways, using sideways movement to gradually free up space on the lower band.

A rebound is part of the process; a decline is the result. Don't fear rebounds in this market, and don't chase after every bounce thinking it's a bull run. Rebounds are just to set up for further declines. Keep this big-picture view in mind! Follow the trend and act accordingly—this is what Zhong Liang emphasizes every day. On the 4-hour chart, rebounds are met with resistance from the BBI and the three Bollinger Bands, all opening downward. The KDJ is turning upward, RSI is flattening and slowing, and the MACD bearish momentum continues to shrink.

On the hourly chart, early morning rebounds face resistance at the upper band, with a slight pullback after a spike. To continue downward, the price must break below the middle band support. The KDJ shows overbought conditions with a death cross downward, RSI is flat, and MACD bearish momentum continues to diminish. In summary, the indicators suggest the market is quite tangled. Therefore, avoid chasing highs or selling lows. For shorts, patiently wait in the resistance zone; for rebounds, consider short-term trades, but avoid overextending your position.

Bitcoin resistance levels are around the hourly upper band at 64,800, followed by the 4-hour middle band at 65,600, and strong resistance at 66,500. Short positions can be taken around these levels, with targets at 63,700, 62,500, and 61,500.

Ethereum resistance levels are around 1,860, 1,920, and the strong resistance at 2,000. Short positions can be taken around these levels, with targets at 1,810, 1,750, and 1,700.
BTC3,29%
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