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Yesterday morning, Bitcoin rebounded to 71,600, and Ether also surged to 2,180. Throughout the day, the market oscillated and weakened. In the early hours, Bitcoin dipped to a low of 68,100, and Ether retraced to 2,030. Our intraday high-probability short positions were precisely realized, with Bitcoin and Ether each gaining over 3,500 points and 150 points of profit, respectively.
From the current market perspective, the daily chart price has broken below the middle band of the Bollinger Bands. It is still in a correction cycle, with short-term moving averages turning downward, indicating a bearish trend. No clear signs of stabilization have appeared yet.
On the four-hour chart, the Bollinger Bands are opening downward, with five consecutive bearish candles pushing toward the lower band. The current rebound is merely a technical correction after being oversold, with weak momentum and no change to the medium-term downtrend. On the hourly chart, prices are closely following the lower Bollinger Band, providing short-term support but not reversing the overall weakness. The rebound is more of a correction than a trend reversal. Therefore, the strategy of continuing to go short on the trend remains unchanged!
For Bitcoin, consider short positions around 69,800-70,500, targeting 68,300-66,300. If broken, look further down to 63,800.
For Ether, consider short positions around 2,090-2,130, targeting 2,010-1,930. If broken, look further down to 1,830.
#Gate正式接入Polymarket $BTC $ETH