The BLESS technical indicators have weakened across the board, with multiple timeframes resonating a bearish outlook.

I just observed that the technical indicators of BLESS have shown alarming signals. The 4-hour and 1-hour charts have both formed a death cross pattern, and the moving average system displays a typical bearish arrangement. Both short-term and mid-term trends have weakened, with a clear sign of price retracement.

It is worth noting that the 15-minute level has also not been spared, with multiple time frames forming a resonant bearish pattern. From the current technical structure, a shorting window is opening.

Market microstructure: Selling pressure continues to increase. Although there are a considerable number of buy orders, the driving force is clearly insufficient. The funding rate remains in positive territory, indicating that the bulls are still maintaining their positions. The overall long-short ratio and large holder positions both exceed 1, suggesting that retail investors have expectations for a rebound. However, the active buying and selling performance is flat, and market sentiment is extremely fragile, potentially putting the bull camp at risk of collapse.

Operational Thinking:
The BLESS short strategy sets the target profit range at 2% to 3.5%.

The current combination of this technical aspect and market structure may open up downside potential. However, it is essential to remember—market volatility is intense, and setting strict stop-loss levels and controlling position sizes should be the top priority. Opportunities are fleeting, but risk management always comes first.