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Midnight BTCETH market analysis and operational recommendations:
We never lack opportunities, only the keen insight, precise judgment, brave attempts, perseverance, and unwavering confidence in opportunities. The market within Wednesday is still dominated by bears. BTC consolidated around 87,000 in the morning, followed by a strong downtrend. The lowest point was around 82420, then the market corrected and consolidated instead of rebounding, with a slight dip in the evening. Bulls saw a rebound after reaching a high of 84934, but bears exerted strength again, leading to a strong and continuous downtrend, touching a low of 81200. ETH followed a similar trend to BTC, reaching a high around 2172 in the morning, then dipped to a low of 2001 before correcting and rebounding in the evening. After reaching a high of 2158, bears pushed the price down rapidly, with BTC touching 1979, breaking the 2000 mark. Goodbye to the '1' thousands. Lao Peng provided early guidance in the morning, afternoon, and evening, repeatedly suggesting following the trend to short. Short positions were taken three times on BTC and ETH. In the morning, short positions were taken near 86500 for BTC and 2157 for ETH, both reaching stop profit levels, gaining 2000 and 107 points, respectively. In the afternoon, short positions were taken again near 83800 for BTC and 2102 for ETH, with the evening dip resulting in gains of 1600 and 55 points. As the price rebounded in the evening, Lao Peng decisively entered short positions near 84700 for BTC and 2143 for ETH, once again reaching stop profit levels precisely, gaining 2200 points for BTC and 93 points for ETH. This demonstrates the power of trends and Lao Peng's strength, with three accurate short trades within the day.
From the current market situation, the daily coin price shows 2 consecutive big declines, Ethereum has fallen below the previous low, once again refreshing the low, exploring highs and falling back in the short term, accompanied by exploring highs and falling back to a lower level, and forming a continuation today. In the 4-hour chart, using the Bollinger Band midline as the critical point of strength and weakness, the coin price is under pressure from the upper band, deepening the adjustment after breaking below the midline, currently entering a retracement trend channel, and short-term still in a weak continuation. In terms of the future market structure, the rebound correction momentum has weakened, still leaning towards weak consolidation, with expectations of a retracement correction in the short term. Breaking below the lower band will once again see space, with operations still focusing on rebounding and shorting.
Operation Advice
Short around midnight near BTC84500, target focus on 82000-81000. Defend 85500
Short ETH around 2100, target focus on 2000-1950. Defend 2150. #BTC #ETH