#比特币对比代币化黄金 Yesterday's market was brutal.

Bitcoin started plunging from the 93,100 level, dropping straight down to 87,976 before stabilizing—a pullback of 5,200 points in one move. Ethereum had it even worse, jumping from 3,227 and landing at 2,978, evaporating about 220 points. Simply put, the bears have taken over, and the market is being driven down unmercifully.

On the four-hour chart:
Three consecutive bearish candlesticks have put the bulls under heavy pressure. The Bollinger Bands are tightening, all moving averages have turned downward, forming a classic bearish alignment. The MACD death cross continues to expand downward, the green bars are growing significantly, and bearish momentum is still building.

On the one-hour chart:
After breaking below the lower Bollinger Band, there was an attempt to rebound, but it had no strength. The bulls tried several times to hold support, but were pushed back each time. Both the middle and lower bands are still trending down, making the trend very clear: any rebound is just another opportunity for bears to add to their positions.

How to trade specifically? Go with the trend; don’t fight the market.

Bitcoin → Consider shorting around the 89,500 level → The initial downside target is 87,500. This is the area to ride the trend for profits, no need to overthink it.

Ethereum → Watch for shorting opportunities near 3,030 → Downside target around the 2,900 region

At this stage, the bears are in control. Just stay clear-headed in your trades.