In the afternoon, after the market correction, there was initially a stretch that reached the upper resistance near 98,200. The price of the coin was under pressure and fell, continuing to decline, and the current market has dropped to around 95,000. Meanwhile, Ethereum's market initially showed a rebound but continued to create new short-term lows, continuously probing lower, and the current market price has reached a minimum of around 3260. In the afternoon, our thought process for Bitcoin was that both long and short positions gained 1200 points, while Ethereum, with a high position short strategy, captured 73 points. In the afternoon, we reminded everyone that both long and short positions have opportunities, and we should layout with a fluctuation strategy. Such a market with fluctuations of 1000 points is rare and should be seized. This is a good opportunity for us to turn the tables.

From the current market perspective, the price of the coin has broken below the support level of around 95,500. The Fibonacci retracement support has been breached, so the current market box structure will move downwards and continue to test the bottom support of 94,000. Although the market has not yet dropped below 95,000 during the correction, the location is constantly moving downwards, while the upward channel continues to be maintained. On the hourly chart, the mid-line suppresses the bullish upward movement, the Bollinger Bands are narrowing downwards, and there is still space for a continued decline, making our operation maintain a bearish outlook on the rebound while observing the support near 94,000. If it does not break, we still treat it with a bullish outlook.

Bitcoin can be shorted in the range of 96,500 to 96,000, with the target first looking at the vicinity of 94,000. As for Ethereum, it has dropped sharply, so it is recommended to enter the market in sync with Bitcoin. #比特币市场波动观察 #加密市场回调 $BTC $ETH