Old Miao

This market trend is obviously a day to take everyone to the sky! As always, the crypto world never lacks miracles of soaring to the sky. Catching the right trend, taking off is just a matter of a moment. Anyone can participate in a one-sided market, but to endure this evening's tug-of-war, professionalism is the real confidence! The crypto circle's foundation has never been blind rushing, let alone guessing the market's depth. Today, Old Miao's real trading layout has achieved great success, with all strategies flourishing! Precise early placement of short positions, successfully closing the Bitcoin midday, gaining 1383 points of space; Ethereum's short positions also closed in the evening, capturing 76 points of space. The evening market turned upward, Bitcoin slightly lost 483 points, but the team decisively adjusted strategies and went long again, gaining another 1135 points of space. Subsequently, the market faced pressure and fell back, but we targeted precisely, winning four consecutive victories—Bitcoin wildly earned 3225 points of space, Ethereum gained 168 points, and short positions were fully profitable throughout.

Currently, the market is under pressure and falling back, with bearish momentum continuing to expand, and the downward trend strongly sustained. On the four-hour chart, the candlesticks show extremely long upper shadows, with the upper shadow from the Bollinger upper band down to below the middle band, facing strong resistance overhead; the three Bollinger bands are diverging downward simultaneously, indicating that bearish momentum continues to strengthen. On the hourly chart, the bearish candlesticks are aggressive, constantly pressing downward, with the overall trend guided strongly downward; the MACD indicator is about to form a death cross again, further solidifying the continuation of the bearish trend. The market bears are unstoppable like a prairie fire!

Bitcoin in the 87,000-87,500 range short, target 85,500
Ethereum in the 2,870-2,900 range short, target below 2,800