Yesterday, the market was in a state of fluctuation during the early session until the US market opened, at which point there was a significant movement. Since the opening of the US market, the market has begun to decline sharply, and as of early this morning, it has dropped more than 7,000 points from the daily high. Currently, the overall strength of the market rebound is weakening, mainly due to continuous outflows of market funds, and there are no significant favorable news stimuli from the macroeconomic level. Additionally, there is a clear intention from the main funds to short. From a technical perspective, the large bearish candlestick directly covers the bullish candlestick's body, and it starts to exert pressure directly from above the moving averages, breaking through the support line downward, indicating the strong power of the bears. Now the market has reached the weekly MA10 support level of 95,200-95,000, which has played a key support role multiple times in historical market behavior. Previously, the market has shown varying degrees of rebound near this level, so a certain degree of rebound is expected here. However, the daily line has now continuously broken through multiple moving average supports, indicating that the market is overall in a bearish trend. At this time, taking long positions carries a high risk, as it not only faces the pressure of the moving average system but may also encounter further suppression from the bears.

Operation Strategy:

Short BTC at the rebound to the range of 96,700-97,000, targeting 94,500-93,800.

Short ETC at the rebound to the range of 3,370-3,389, targeting 3,300-3,250. #BTC #BTC走势分析 #ETH $BTC $ETH