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#加密市场回调 Last night, the U.S. stock market plummeted, and BTC couldn't hold up either, directly dropping nearly 5000 points from its high, stopping at around 86000 at its lowest; ETH fared worse, falling all the way from its peak to 2788, a drop of over 300 points, clearly showing that the previous momentum has fizzled out.
Looking at the market, both BTC and ETH are on a downward trend right now. The daily chart has been closing in the red consecutively, and the bears have a strong momentum. In the four-hour timeframe, the price is crawling along the lower Bollinger Band, with each rebound feeling weak. It seems this adjustment may be gathering strength for the next round of declines. Until the key resistance level is broken, shorting on rallies should still be the main theme.
On the operation:
Consider going short on BTC in the range of 88000 to 88200, targeting 86500 and 85000.
Look for opportunities to short ETH around 2910-2930, with targets set at 2800 and 2700.
Of course, the market changes quickly, and you must set your stop-loss properly.