#数字货币市场回调 Evening Trend Review

To be honest, the current trend is still a very obvious downward channel. Don't easily change the high short thinking; trying to catch the bottom before the trend reverses is truly like licking blood from a knife.

Just look at the daily chart - tonight's big bearish candlestick has completely wiped out the gains that the bulls worked hard to achieve over the past few days. The bears are showing strong volume, and there isn't much solid support below. Personally, I feel we still need to continue probing downwards. The bulls really have no strength left at this point, and the market is firmly under the control of the bears. However, once panic is released to a certain extent, it should start to stabilize and begin to recover.

Looking at the four-hour level, the price is basically running along the lower band of the Bollinger Bands. Occasionally, a few weak bullish candles pop up, but they are more like gasping for breath after a sharp drop and cannot be considered reversal signals. Although the technical indicators have slightly eased, the overall bearish pattern remains unchanged, with pressure still in place, making it difficult for the bulls to organize a counterattack.

Operation:
Consider shorting near 85500 for BTC, look at 84400.
Short near 2750 for BTC, target 2720

Remember to control your position and always set your stop loss. In a weak market, following the trend is the key.