Currently, the market is in a sluggish period of trading volume during the Saturday weekend. The night before choosing a direction, the current position is in a zone where opening new trades is prohibited. Currently, the long and short directions are not advisable. The market has experienced a decline and is now in the depletion phase of the downtrend. The 4-hour chart has formed a three-wave rebound structure (A-B-C), and the current position is at the end of wave a or during wave b correction. However, I am not optimistic about breaking out of an upward wave. The current daily bottom pattern is not yet fully formed; it is most likely in a corrective wave. The daily chart shows a rebound (B-a or B wave ending and then starting a C wave decline). The current market may test 84,069 or even lower.
Operational advice: Focus on shorting with high altitude. Do not blindly guess the bottom; avoid making high positions without clear volume breakout signals.
If the 15-minute BTC drops below 90266-90300, it will test 89255 again.
If ETH breaks below 3088, it will re-test 3037.
Optimal short entry points (BTC 91400-91800) correspond to ETH.
Secondary and breakout rebound entry points: (90600-90800) corresponding to ETH.
Signal conditions: Pay close attention to trading volume!!! The appearance of volume-price divergence, RSI entering oversold territory, and classic bearish candlestick patterns on naked K-line charts are signals to enter. Place stop-loss at 93592, corresponding to ETH. A cautious stop-loss can be placed at the support level of 92500.
Take profit levels: First take profit at 89255, second at 88481, corresponding to ETH 3037-2985.
Follow-up: If volume increases and ETH stabilizes between 92500-93592, indicating an accumulation phase of the decline with high-level oscillation, and if the price retraces without breaking new lows, you can set a stop-loss and look for support levels to go long. If there is a sign of stagnation, continue shorting. If 88481 breaks strongly, you can choose to continue shorting after taking profit, with the first target at 86500 and the second at 84100. A conservative approach is to take all profits at the first target and avoid further risk. A less conservative approach is to close half and set a stop-loss at the entry price to lock in profits. Corresponds to ETH.
Finally, I wish myself and everyone good luck with their trades.
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Currently, the market is in a sluggish period of trading volume during the Saturday weekend. The night before choosing a direction, the current position is in a zone where opening new trades is prohibited. Currently, the long and short directions are not advisable. The market has experienced a decline and is now in the depletion phase of the downtrend. The 4-hour chart has formed a three-wave rebound structure (A-B-C), and the current position is at the end of wave a or during wave b correction. However, I am not optimistic about breaking out of an upward wave. The current daily bottom pattern is not yet fully formed; it is most likely in a corrective wave. The daily chart shows a rebound (B-a or B wave ending and then starting a C wave decline). The current market may test 84,069 or even lower.
Operational advice: Focus on shorting with high altitude. Do not blindly guess the bottom; avoid making high positions without clear volume breakout signals.
If the 15-minute BTC drops below 90266-90300, it will test 89255 again.
If ETH breaks below 3088, it will re-test 3037.
Optimal short entry points (BTC 91400-91800) correspond to ETH.
Secondary and breakout rebound entry points: (90600-90800) corresponding to ETH.
Signal conditions: Pay close attention to trading volume!!! The appearance of volume-price divergence, RSI entering oversold territory, and classic bearish candlestick patterns on naked K-line charts are signals to enter. Place stop-loss at 93592, corresponding to ETH. A cautious stop-loss can be placed at the support level of 92500.
Take profit levels: First take profit at 89255, second at 88481, corresponding to ETH 3037-2985.
Follow-up: If volume increases and ETH stabilizes between 92500-93592, indicating an accumulation phase of the decline with high-level oscillation, and if the price retraces without breaking new lows, you can set a stop-loss and look for support levels to go long. If there is a sign of stagnation, continue shorting. If 88481 breaks strongly, you can choose to continue shorting after taking profit, with the first target at 86500 and the second at 84100. A conservative approach is to take all profits at the first target and avoid further risk. A less conservative approach is to close half and set a stop-loss at the entry price to lock in profits. Corresponds to ETH.
Finally, I wish myself and everyone good luck with their trades.