The overall midnight market continues to show a bearish trend, with the movement indicating that the market is still developing downwards. After a dip in midnight prices, a rebound occurred, but no effective breakdown was formed, which may suggest that the willingness to decline is not strong, and the market is more inclined to fluctuate. Only if the support level is effectively broken can we confirm further downward movement; otherwise, a rebound may occur at any time.

From the current daily chart, the continuous decline has significantly impacted the short-term pattern. Currently, the daily K-line has broken below the support level of the upward trend line and is gradually approaching the middle track of the Bollinger Bands after losing the 92000 mark. If this position is lost again, the short-term trend may reverse, and the bears could regain dominance. The short-term trend also exhibits a clear downward fluctuation. In such a situation, although there may be bottom-fishing sentiment in the market, there are currently no clear signals for stopping the decline from either the daily or short-term perspectives. The continuous loss of support levels has accumulated more strength for the bears.

Bitcoin 92300-92600 short, target around 90000

Ethereum 3350-3370 short, target around 3250 #币安HODLerTHE #XRP市场价格动向 #比特币盘整分析