After a midnight surge, the market oscillated at high levels with no continuation. Four-hour candles show consecutive upper shadows, with each rally being suppressed. There is clear selling pressure above, and the main force's intention to distribute is evident. The upward momentum is gradually weakening, forming a typical stagnation pattern. It's not that the market doesn't want to rise, but it simply can't move up. The overall trend remains bearish, with highs not broken and no trend reversal. Blindly bottom-fishing is likely to result in getting caught.
Evening Strategy: Do not chase longs or fight the trend. Continue to short on rebounds at high levels. In a weak market, a rally is not an opportunity but a better entry point for shorting. Keep the direction unchanged and execute accordingly. Trading Suggestions Short positions around 69,000-69,500 for Bitcoin, targeting 66,000-66,500 Short positions around 2,100-2,130 for Ethereum, targeting 1,950-1,980
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Evening Analysis
After a midnight surge, the market oscillated at high levels with no continuation. Four-hour candles show consecutive upper shadows, with each rally being suppressed. There is clear selling pressure above, and the main force's intention to distribute is evident.
The upward momentum is gradually weakening, forming a typical stagnation pattern. It's not that the market doesn't want to rise, but it simply can't move up.
The overall trend remains bearish, with highs not broken and no trend reversal. Blindly bottom-fishing is likely to result in getting caught.
Evening Strategy: Do not chase longs or fight the trend. Continue to short on rebounds at high levels. In a weak market, a rally is not an opportunity but a better entry point for shorting. Keep the direction unchanged and execute accordingly.
Trading Suggestions
Short positions around 69,000-69,500 for Bitcoin, targeting 66,000-66,500
Short positions around 2,100-2,130 for Ethereum, targeting 1,950-1,980