Today's analysis shows that the recent decline has been a continuous downward trend without any rebound, completely reversing the previous gains. The price has returned to the bottom of the fluctuation range mentioned yesterday. Considering the sentiment and the comparison of long and short positions in the contract market, the bears are overwhelming the bulls by several times. Here, we focus on the K-line bottoming situation in this four-hour segment, and it is estimated that there will be a rebound from the oversold condition, but overall it is still within the range.
Do not chase the short positions in the fluctuating market, as it is easy to incur continuous losses if the rhythm is not grasped well. Patience is required to wait for a smaller level to emerge before we intervene in short-term operations.
As shown in the chart: Bitcoin fluctuates around 92,000 - 100,000
Ethereum fluctuation range: around 3200 - 3600
