From the closing situation of the monthly K-line, the rhythm has undergone a significant reversal, and the market trend in the coming days is expected to experience large fluctuations. Yesterday, the price dropped from around 73,000 to below 70,000, currently consolidating around 70,000. The market has already shown such a large amplitude at the beginning, which inevitably contains many profit opportunities, and everyone should be prepared to welcome the market's takeoff.
From a structural analysis, the daily line shows a three-black-crows correction pattern, with a clear reversal of rhythm, and the historical high point above has not been broken. All indicators and moving averages are also in a weak running state, so this round of correction may further test the low support points.
From the perspective of small cycles and short-term observations, the weak rhythm is more prominent, and the bulls have not had the opportunity for a warm-up recovery, presenting an overall weak pattern. Therefore, in terms of operation, it is recommended to short around the high positions. For friends preparing to catch the bottom, it is advisable to continue to observe for now.
Operation Suggestions
Bitcoin: Short at 71,000 - 71,200, targeting 68,000.
Ethereum: Short at 2,520 - 2,540, targeting 2,400.
