12.2 Bitcoin/Ethereum trading strategy with market analysis

Bitcoin/Ethereum has seen some recovery and rebound after a sharp decline during the early hours and morning session, but the rebound does not indicate a reversal of the trend which remains bearish. Our previous short positions set up multiple times from 91000 and above 3040 have yielded considerable gains. Currently, influenced by macroeconomic headwinds and capital outflows, the market shows a bearish dominant trend. Although there is a short-term rebound, the overall trend remains weak. On the technical front, the daily chart clearly indicates a bearish trend, with the K-line dropping from the middle band of the Bollinger Bands, and indicators like MACD and KDJ are all showing bearish trends. On the four-hour level, the MACD is below the zero axis. The hourly chart is starting to show weakness in the rebound, facing resistance that limits the rebound space, hence the strategy should focus on shorting during rebounds.

Trading strategy: Short Bitcoin around 87200-87600, target 85500-84500; Short Ethereum around 2815-2830, target 2750-2700.