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Strength is not just talk on paper, nor is it bragging about profits. Strength is meticulous planning and strict execution, going out with a goal and returning with results. The market on Friday remained firmly under the control of the bears, just as predicted, with no significant upward movement. Throughout the day, Bitcoin repeatedly faced resistance during rebounds, starting from the intraday high of 68188 and then coming under pressure. Subsequently, the bears accelerated downward, forming a certain continuation pattern, with the lowest drop reaching around 65853 before slowing down. Ethereum's movement was similar, with the bears still showing strength, pressured from the intraday high of 2063, accelerating downward in the evening, with the lowest reaching around 1951.
In the morning, accurately predicted the market trend and trading strategy, maintaining control. Leading students to follow the trend, short positions near 67800 on Bitcoin secured a profit of 1700 points. Short positions around 2053 on Ethereum yielded over 90 points in profit.
From the current short-term 4-hour chart, Bitcoin has been oscillating downward after being pressured at the upper band, showing a pattern of weak rebounds followed by strong declines. The price has fallen from the upper band below the midline, forming a large bearish candle accompanied by smaller bearish candles, with full-bodied bearish K-line candles indicating strong bearish momentum. On the 1-hour chart, the price has formed four consecutive bearish candles, with the top breaking below the lower band and continuing to move downward. The short-term lows are being continuously refreshed, and support levels have been broken. The continuation of the bearish trend is likely, possibly accompanied by small rebounds before further healthy declines and adjustments. Tonight's trading should mainly focus on short positions, following the trend, and avoiding contrarian trades.
On Friday night, short positions can be taken around 66500 on Bitcoin, with targets initially set at 65000-64700.
For Ethereum, short positions around 1990 are recommended, with targets initially at 1900-1880.