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There's no need to overcomplicate the market analysis. Provide key levels in advance, follow the usual patterns, and the profit opportunities will be right in front of you. As long as you get the direction right and execute without hesitation, the money you want to make will naturally flow into your pocket.
First, let's talk about Bitcoin. From the four-hour chart, this wave has completely shifted from a previous rebound with no strength to an accelerated downtrend. The 88500 level has become a strong resistance. After the price got stuck here, it consecutively closed with bearish candles, and both the short-term moving averages and the middle Bollinger Band were effectively broken. Now, the middle band is starting to turn downward, and the rebound structure has been completely destroyed, with the bears regaining control. There appears to be some support around 86900 below, but in reality, the buying pressure is quite weak, and it doesn't form any reversal pattern. On the one-hour chart, after a volume-driven decline, the price has entered a weak consolidation phase. The rebound lacks volume, and the lows are gradually moving lower. This is a typical continuation of a downtrend, not a sign of a trend reversal.
Overall, Bitcoin's bearish trend is still ongoing. Even if there's a short-term rebound, it's just a trap for more buyers to repair the trend. Before the price truly stabilizes above key resistance levels, maintain a bearish mindset and be cautious of the risk of a double bottom.
Ethereum's rhythm is similar to Bitcoin, both weakening in tandem.
Reference trading ideas:
Bitcoin: Short between 87800-88300, target 86500
Ethereum: Short between 2940-2960, target 2880
Manage your risks well, and set your stop-loss orders properly.