To trade, one needs patience and determination. Buying relies on confidence, holding relies on patience, and selling relies on determination.
Looking back at yesterday's market and thoughts, the strategy for Bitcoin yesterday suggested a short position at 965. After a period of fluctuation, it moved downwards, touching a low of 940 before starting a rapid rebound. Around 947, it was also a good time to take profits and exit. In the evening, the U.S. stock market opened with a focus on the bearish trend, taking another 2000 points at 966 short.
The four-hour K-line technical indicators lean bearish, with the EMA trend line continuing downward. The EMA15 support has come down to 96000, and the MACD shows a decreasing volume trend downwards. The DIF and DEA have not yet broken below the decreasing volume indicators. The Bollinger Bands are in a sideways pattern, with the K-line consistently supported above 94000 on the lower band. It is recommended to pay attention to the key resistance level above at 95500. Currently, the market still shows a bearish trend, and the specific market movements should be based on real-time data.
Reference
Bitcoin short position in the 950-955 range, add to short positions on rebounds near 965, with the first target focusing on 940, and if broken, can look to 930.
Ethereum short position in the 3380-3400 range, with a stop loss at 3450 and a target of 3250.
