The market is never short of opportunities; what’s lacking is the patience to wait for them and the courage to execute disciplined actions. Not greedily grabbing the last copper coin, not fearing holding cash and waiting, being part of the contrarian minority, is the way to go further in the crypto circle. Yesterday afternoon, when Bitcoin tested above 91,000, Changsheng warned everyone that a downward break was inevitable. Later that evening, he indicated that the trend had already started, urging everyone to quickly get on board and follow the trend to short. The market did not disappoint, with Bitcoin dropping to around 89,200 in the evening, and Ethereum falling back to around 2970. This retracement was very well-positioned.

On the four-hour chart, Bitcoin’s downward momentum continues to be released, with prices probing lower again overnight, further opening the downside space. The Bollinger Bands’ three lines are extending downward in sync, indicating a market dominated entirely by bears. Ethereum also shows a strong downward trend with consecutive bearish candles, breaking below the lower Bollinger Band, dragging the overall market’s center of gravity downward. Bearish momentum shows no signs of weakening. Currently, the market trend is clearly bearish with strong persistence. For evening operations, it is recommended to mainly short on rebounds with resistance, patiently waiting for signs of weakening rebounds.

Trading suggestions:
Bitcoin: Short around 88500, target 86000
Ethereum: Short around 3000, target 2700