Bearish dominance, short-term rebounds are only for position adjustments. Bitcoin directly gapped down last night, breaking through the 90,000 key level and even touching around 87,800, with bulls completely suppressed. The bearish reversal strategy we've been emphasizing has proven effective in this wave of market movement.
Looking at the candlestick patterns, the bears are still in control. When compared to gold's trend, there is a noticeable synchronicity, especially with the waterfall-like decline on the 4-hour chart, showing no signs of stabilization in the short term. The technical support below is not yet reliable, so today’s core strategy remains to follow the trend and short at high levels.
Real trading approach: $BTC can open a short around 89,000, with the first target at 87,500. If broken, continue to watch the 85,000 range. For longs, it can only be a short-term rebound follow-up, depending on whether the downtrend truly stabilizes.
$ETH's movement generally follows Bitcoin's rhythm.
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GateUser-a180694b
· 8h ago
87800 broke, but you still need to stay calm. This wave of the bear market is indeed fierce.
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GateUser-a606bf0c
· 8h ago
At that moment at 87,800, I immediately cut my position. It was too painful... How did your short position go?
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DuskSurfer
· 8h ago
The waterfall is crashing down, the bears are really not joking around, this rhythm is a bit fierce.
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blocksnark
· 8h ago
87800 has been broken, and you're still talking about a rebound. That's really interesting.
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ZenChainWalker
· 8h ago
Has 87,800 bottomed out? It still feels like it's going to drop further.
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potentially_notable
· 8h ago
87800, this wave dropped directly, and the bears are really having a great time. Those who followed the rebound got cut off.
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gas_guzzler
· 8h ago
The waterfall sell-off is truly amazing, and the bears have completely dominated this wave of momentum.
#数字资产市场动态 Today's market rhythm overview:
Bearish dominance, short-term rebounds are only for position adjustments. Bitcoin directly gapped down last night, breaking through the 90,000 key level and even touching around 87,800, with bulls completely suppressed. The bearish reversal strategy we've been emphasizing has proven effective in this wave of market movement.
Looking at the candlestick patterns, the bears are still in control. When compared to gold's trend, there is a noticeable synchronicity, especially with the waterfall-like decline on the 4-hour chart, showing no signs of stabilization in the short term. The technical support below is not yet reliable, so today’s core strategy remains to follow the trend and short at high levels.
Real trading approach: $BTC can open a short around 89,000, with the first target at 87,500. If broken, continue to watch the 85,000 range. For longs, it can only be a short-term rebound follow-up, depending on whether the downtrend truly stabilizes.
$ETH's movement generally follows Bitcoin's rhythm.