During the live broadcast of Three Kingdoms College, market selling pressure intensifies. Can we hold onto the top 10 levels of the pie?

Click on the link to join the meeting directly: https://meeting.tencent.com/p/7890471408 1. Specific situation of Bitcoin (Big Cake): Technical form: At the 4-hour level, there is a continuous bearish candlestick, with the Bollinger Bands opening downwards. Prices continue to be under pressure below the 5-day moving average (around $110720), and EMA24/52 continues to cross downwards, indicating a clear short-term bearish trend. Trading volume: Recently, the trading volume has been extremely shrinking, which usually means that the market lacks momentum and may temporarily fall into fluctuations or downturns. Key position: The important support below focuses on the $110500 and $108000-110000 regions. If it falls below the latter, it may open up greater downward space. The recent resistance above is focused on $114000 and $113000. 2. Specific situation of Ethereum (Auntie): Technical form: The 4-hour level closed with a large bearish candlestick, directly falling below the key support level, and the bearish momentum was strongly released. Although there are currently some bullish signals in the technical aspect (such as bullish alignment in the moving average system), the extreme decrease in trading volume and the deviation between volume and price limit the upward space. Key position: We have fallen below the $4400 mark for the day, and the next important support is around $4300. The strong resistance level for the rebound above is around $4700. 3. Market sentiment and funds: Analysis suggests that some institutional investors may be shifting their positions from Bitcoin to Ethereum or other altcoins, which increases the short-term pressure on Bitcoin. However, it should also be noted that if Bitcoin experiences a significant correction, it may drive the entire market downward. The relatively strong exchange rate of Ethereum/BTC indicates that funds still have a preference for Ethereum. 4. Operation tips For Bitcoin, the current bearish trend is relatively evident. In terms of operation, we can consider using the strategy of short selling at high prices after a rebound, with a focus on the resistance effect around $114000. If the price falls back to the support range of $110500 or $108000-110000, you can also try to rebound with a light position and place multiple orders. For Ethereum, after experiencing a sharp drop in price, there may be a short-term technical rebound demand, but overall it is still in a downward trend. In terms of operation, you can pay attention to the rebound strength in the $4486-4506 range. If encountering obstacles, you can consider short positions; If the price further falls to around $4400 or $4300 to gain support, you can also take a light position and try to go long. Risk control is always the top priority. Regardless of long or short positions, be sure to set a stop loss, as it is the most important fuse for your account. Pay close attention to changes in trading volume. Breaking through key levels or falling below support levels with high volume usually means the continuation and confirmation of the trend. Pay attention to the gains and losses of the two important support areas of Bitcoin at $112000 and Ethereum at $4300-4400, which may be the watershed between short-term long and short positions. In this rebound led by Bitcoin, we have witnessed the power of technical analysis and the infinite possibilities of the market. Let's remain calm and continue to follow, because the story of Bitcoin continues. Welcome to the live broadcast room for communication, and at the same time, share practical knowledge and secret tactics! What will the market do next? Professor Pang Tong, who has ten years of theoretical and practical trading experience in the cryptocurrency industry, will provide a detailed breakdown for everyone. Welcome to the live broadcast room to check in! Join the Three Kingdoms College Exchange Group to receive more services: 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Official QQ group: 579358784 Tencent Meeting ID: 789-047-1408 Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.