This market trend, to put it simply, is a test of people's patience. The market momentum continues to weaken, volatility is poor, and fluctuations are endless. But this is not a reversal signal; the downward trend framework remains solid, and the bearish forces have been accumulating.
From actual trading operations, the strategy is clear: short on rebounds. After a brief rebound and correction last night, short-selling opportunities immediately emerged. Bitcoin entered around 88,000, while Ethereum entered around 2,950, and both positions are currently held. If you keep up with the rhythm, continue to look lower.
The current situation is that the market is under obvious pressure and declining, with bears beginning to exert strength. The four-hour candlestick chart shows consecutive downward candles, with the middle band support already broken through and further extending downward, indicating a very strong bearish pattern. The hourly chart is more intuitive: from the upper Bollinger Band downward pressure, the candlesticks are now testing support at the lower band, opening more space for decline.
Technical data also confirms this. The MACD indicator shows a clear death cross downward, with bearish divergence gradually strengthening, and the market's momentum for continued decline is very strong. The trading approach moving forward is to follow the trend and look for short opportunities.
Specific layout: - Short Bitcoin around 87,500, targeting 86,000 - Short Ethereum around 2,930, targeting 2,850
The Federal Reserve's policy expectations remain the market's pressure point, and this pattern is unlikely to change in the short term.
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MagneticFieldWorld
· 11h ago
Is 2990 shorting not attractive?
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LiquidityWitch
· 13h ago
Talking about short positions accumulating again, right? We have to hear this phrase every day.
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ContractTester
· 13h ago
Coming to torment again? I really can't hold on anymore. Is it interesting to have such daily fluctuations?
Wait, you said short-term accumulation... so the rebound is a trap?
Entering a short position at 88,000? That's really bold. I'm still watching.
The upper band of the Bollinger Bands is under high pressure, it does sound a bit interesting. Keep an eye on it.
The MACD has a death cross, but I just want to know when the Federal Reserve will ease up?
This wave really tests the mentality, feeling like you're trapped as soon as you get in.
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CryptoDouble-O-Seven
· 13h ago
Starting to torment again, this volatility really wears people out.
Damn, the midline is broken, this time the bears are really aggressive.
Short on rebounds, the rhythm still needs to be tight.
The Federal Reserve isn't easing up, short-term there's no hope.
Are the short positions entered at 88,000 still holding? Feels a bit risky.
The Bollinger Bands are so strong in suppression, going down is certain.
My mindset is collapsing, might as well keep a bearish outlook anyway.
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TokenSleuth
· 13h ago
Here we go again, basically betting on a decline, which indeed makes the mentality easily collapse.
It's a torment, but this short squeeze seems really fierce.
Did you enter at 88,000? I'll just see how long you can hold on.
Everyone's talking about being bearish, but what about the bottom? There has to be a bottom somewhere.
The Federal Reserve's excuse is really easy to use, they can pull it out anytime.
It feels like this kind of market is the easiest to shake out, it all depends on who has a stronger mentality.
It's another rebound to short, another rebound to short, never switching to a long position.
Can 86,000 really be reached, or will it just come back to bite again.
This market trend, to put it simply, is a test of people's patience. The market momentum continues to weaken, volatility is poor, and fluctuations are endless. But this is not a reversal signal; the downward trend framework remains solid, and the bearish forces have been accumulating.
From actual trading operations, the strategy is clear: short on rebounds. After a brief rebound and correction last night, short-selling opportunities immediately emerged. Bitcoin entered around 88,000, while Ethereum entered around 2,950, and both positions are currently held. If you keep up with the rhythm, continue to look lower.
The current situation is that the market is under obvious pressure and declining, with bears beginning to exert strength. The four-hour candlestick chart shows consecutive downward candles, with the middle band support already broken through and further extending downward, indicating a very strong bearish pattern. The hourly chart is more intuitive: from the upper Bollinger Band downward pressure, the candlesticks are now testing support at the lower band, opening more space for decline.
Technical data also confirms this. The MACD indicator shows a clear death cross downward, with bearish divergence gradually strengthening, and the market's momentum for continued decline is very strong. The trading approach moving forward is to follow the trend and look for short opportunities.
Specific layout:
- Short Bitcoin around 87,500, targeting 86,000
- Short Ethereum around 2,930, targeting 2,850
The Federal Reserve's policy expectations remain the market's pressure point, and this pattern is unlikely to change in the short term.