Morning Strategy

Yesterday, I was chatting with a friend about the market and mentioned that Bitcoin would still drop. I took a look at the market and I wasn't wrong. However, I didn't expect the market to still fluctuate last night; the unemployment data was released but it had no effect on the market before the US stock market opened.

The news front is relatively calm.

Bitcoin's four-hour MACD shows a death cross pointing downwards, while the KDJ indicates signs of stabilization, suggesting continued fluctuations, but I personally believe it will still drop.

The daily K-line of Bitcoin shows that both KDJ and MACD continue to decline, indicating that Bitcoin's pattern has formed a downward trend over the past two days.

I think it's a good time to short on rallies.

Ethereum's movement is similar to Bitcoin's.

For Bitcoin, the upper level is at 97,000 and the lower level is at 92,000.

For Ethereum, the upper level is at 3,400 and the lower level is at 3,250.