In the afternoon, after the market dropped below the 96,000 line, although there was a slight rebound back to the 96,000 line, it did not receive much continuation from bulls, which was expected. In the evening, it fell below the 95,000 line, with a minimum extending to around 94,500. In the afternoon, our live trading also followed the rebound at the 96,000 line to set short positions, and in the evening, the market dropped to around 94,700, resulting in a profit of 1,300 points. Meanwhile, the aunt also entered short positions at 3,370, and Ethereum also exited the market and took a profit of 38 points. The pullback strength is still quite significant, and we should pay close attention to whether the support at the 94,000 line will be broken after the US stock market opens in the evening, which will determine the overall direction of bulls or bears.

The 4-hour chart gradually approached the support near 94,000, followed by a slight rebound. It returned to 95,000, but did not provide much rebound strength to correct the current market pullback, instead opting for low-level consolidation to make corrections, which is relatively weak. From the indicators, the KDJ three lines are gradually bottoming out, with the fast line crossing above. Currently, a golden cross has not been formed, but there is a tendency to converge. The bearish volume during the day is relatively sufficient. The market cannot keep falling indefinitely, nor can it keep rising. Therefore, the 4-hour chart has a certain need for recovery. In terms of operations, we still maintain a bearish outlook at high levels, and in live trading, we should still pay attention to how the opening of the US stock market in the evening will influence the market. The market is ever-changing, so it is important to grasp the rhythm of the market and manage stop-losses to avoid sudden changes in the market.

You can short Bitcoin at 96,000-96,500, targeting around 94,000. You can short Aunt at 3,390-3,360, targeting around 3,300. #加密市场回调 #微策略持续增持BTC $BTC $ETH