Today the US stock market is closed,
This means that the cryptocurrency market is likely to remain relatively stable, without significant fluctuations.
Therefore, the intraday trading strategy does not need to overemphasize macro-level layouts, and should focus on short-term trading.
From the daily chart's trend, the market's short-term trend still appears weak, continuously declining amidst fluctuations. Even with slight rebounds, this downward pattern has not changed due to these brief recoveries.
Similarly, the rebound trend in the 4-hour chart could not be sustained, facing pressure upon reaching the upper boundary area and falling back again.
In the overall bearish structure, rebounds are difficult to last, indicating that the market is very likely to continue declining.
Bitcoin rebound: Short near 94300 - 94800, target towards 92000
Ethereum rebound: Short near 3350 - 3380, target towards 3300 - 3270.