Trading philosophy: Look at the trend in the big cycle, find points in the small cycle;
Technical analysis: In terms of Bitcoin, the daily level has been continuously declining to the lower Bollinger Band, and the Bollinger Band continues to open downwards. The MACD moving average continues to move downwards, and bearish volume is beginning to show again. The KDJ line is moving downwards. On the 4-hour level, the Bollinger Band continues to open downwards, the MACD moving average continues to move downwards, bearish volume continues to increase, and the KDJ line is moving downwards again;
In terms of Ethereum, the daily level has also continuously declined to the lower Bollinger Band. The Bollinger Band continues to open downwards, the MACD moving average continues to move downwards, bearish volume is beginning to show, and the KDJ line continues to move downwards. On the 4-hour level, the Bollinger Band continues to open downwards, the MACD moving average is moving downwards, bearish volume continues to increase, and the KDJ line is moving downwards gently;
In summary, the overall market is currently in a continuous decline. As of now, the lowest Bitcoin is 91800, and Ethereum is around 3200. After taking profits on short positions last night, the rebound suggested a continued short strategy, and both Bitcoin and Ethereum accurately reached the target levels of 92000 and around 3200 respectively. Secure profits steadily, and after aggressive position reduction, continue to look for breakout targets downwards. Subsequent operations are still recommended to focus on shorting on rebounds!
