The bearish dawn is coming

In life, there are wins and losses. When in a favorable situation, never become complacent and indulge yourself. When facing adversity, never be negative or give up on yourself.

Yesterday, I suggested a short position at the current price of 990. I have been reminding everyone for the past two days that if the market does not break through or stabilize above 100000, the trend will certainly pull back. Yesterday afternoon, the market's bearish trend dropped nearly 5000 points. After securing a profit of 3000 points, I chose to reduce my position by half and continue looking down, exiting entirely near 995.

Currently, Bitcoin's K-line pattern is quite volatile, with multiple long upper and lower shadows indicating strong buying and selling forces in the market. Recent K-lines show clear signs of correction, especially the large bearish candle on the 26th. The technical indicator MACD is currently in the negative region, and the DIF line has crossed below the DEA line, indicating a possibility of further declines in the short term. Caution is needed for long positions; for now, the focus remains primarily on short positions with some long positions as a supplement!

Reference suggestions:

For Bitcoin, short in the 965-970 range, add to short positions on rebounds near 980, and watch for a break below 950 to continue looking down towards 940-930.

For Ethereum, short in the 3380-3400 range with a target of 70-100 points, and keep a stop loss of 50 points.