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You can follow my Weibo Gu Jingci 88, focusing on mainstream coin guidance and layouts. Bitcoin/Ethereum has been in a narrow range of fluctuations since retracing from the recent high points of 2800 and 87000. After going short from the high point, we have again taken advantage of high sells and low buys to secure long positions, and I believe friends who have followed this approach have had a good overall outcome. Currently, the short-term resistance above is around 85000 and 2720, while the short-term support below is around 2620 and 83000. The market is experiencing downward fluctuations in the short term, with some room for ups and downs. In terms of K-line pattern, the 4-hour chart has rebounded after recent sharp declines, but the latest K-line is a small negative candlestick with reduced volume, indicating weakened rebound momentum and short-term pressure.
The daily chart has recorded two consecutive negative days, and the prior highs have formed a large negative candlestick with a long shadow, indicating a short-term downward trend, but there is buying support below. On the technical indicators, the MACD on the 4-hour chart is operating below the zero axis, with the DIF line below the DEA line, and the histogram shows negative values, indicating a short-term bearish trend. However, the 8-hour Bollinger Bands are gradually narrowing, with some support below.
Early morning trade suggestion: Short Bitcoin around 84800 to 85300, targeting around 83000; Short Ethereum around 2700 to 2720, targeting around 2640.
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