The rise and fall in the crypto world is never a game of luck, but a practice of understanding and patience. The frenzy in a bull run will eventually recede, while the torment in a Bear Market is the soil for growth—those lows that make you panic and Cut Loss are precisely the touchstone for quality projects; those heats that make you impulsively chase the price often hide traps of being trapped. Bitcoin/Ether has seen some repair and Rebound after the big dump in the early morning and the early session, but the Rebound does not signify a reversal, and the trend remains bearish. Our previous short order strategy from the levels of 91000 and above 3040 has also captured a considerable space. Currently, under the influence of macro Unfavourable Information and capital outflow, a short positions dominated situation is presented; although there is a short-term Rebound, the overall trend is weak.

The 4-hour K-line shows that after a significant fall in the coin price yesterday, a long lower shadow was formed, followed by a series of small bullish candles, currently in a weak rebound phase. In the MACD indicator, the DIF and DEA are still below the zero axis, but the green bars are shortening, indicating that the bearish force is weakening. The price is currently running above the EMA7 moving average, but is under the pressure of the EMA30, while the EMA120 continues to diverge downward, with the overall trend still leaning bearish. In addition, the 4-hour trading volume has significantly shrunk, reflecting insufficient momentum for the current rebound. For intraday operations, it is recommended to consider laying short positions on rallies.

Follow Gong Zhonghao: Changsheng observes the trend

Operation suggestions:
Bitcoin: around 87500, target looking at 85000

Er Bing: around 2850, target level looks towards 2600
$BTC $ETH