Trading Philosophy: Look at the trend in the long term, find entry points in the short term;
Technical Analysis: For Bitcoin, the daily level has been continuously declining to near the lower band of the Bollinger Bands, which continues to open downwards. The MACD moving average continues to move downwards, bearish volume is starting to show again, and the KDJ line is moving downwards. At the 4-hour level, the Bollinger Bands continue to open downwards, the market has been in a weakening rebound, the MACD moving average continues to move downwards, bearish volume continues to increase, and the KDJ line is moving downwards again;
For Ethereum, the daily level has also been continuously declining to the lower band of the Bollinger Bands, which continues to open downwards. The MACD moving average continues to move downwards, bearish volume is starting to show, and the KDJ line continues to move downwards. At the 4-hour level, the Bollinger Bands continue to open downwards, the MACD moving average is moving downwards, bearish volume continues to increase, and the KDJ line is gently moving downwards;
In summary, the overall market is currently in a continuous decline, with Bitcoin at a low of 91800 and Ethereum around 3200. After taking profits on short positions last night, the rebound strategy continues to short, with Bitcoin and Ethereum accurately hitting target levels of 92000 and 3200 respectively, taking steady profits, and after aggressive reduction, continuing to look at breaking targets downwards. The subsequent operation advice is still mainly to short on rebounds!
