The Downward Trend in the Crypto Market Continues: Watch for a Rebound❗️

Bitcoin (BTC) and Ethereum (ETH) have once again fallen after a brief rebound. BTC has dropped below $93,000 and is currently trading around $92,800. ETH follows closely, falling to $3,264. Market data shows that buyers are not launching a strong counterattack at the moment.

The strengthening dollar and significant decline in the U.S. stock market have negatively impacted the cryptocurrency market. These macroeconomic factors have led to a decrease in the value of crypto assets.

From a technical analysis perspective, the downward trend continues on the daily chart, with prices being squeezed down to the lower boundary. On the 4-hour chart, a clear downward trend is present; weak rebounds after significant pullbacks indicate that the downward channel is still ongoing.

In this situation, it is recommended that investors open short positions when there is an upward movement. Specifically for BTC, short positions can be opened in the $93,700-$94,000 range, with a target set at $92,000. For ETH, short positions can be opened in the $3,300-$3,330 range, with a target set at $3,200.

Current market conditions require investors to develop cautious and trend-adaptive strategies.