#美国政府停运 Wednesday morning continues to look bearish
The market is very clear. The four-hour chart shows continuous downward candles, with the middle Bollinger Band already effectively broken through. Bulls? There’s hardly any decent counterattack. Every small rebound seems particularly weak. After the three-line death cross on the KDJ, it has been trending downward, and the bears are now fully in control. This downtrend is quite clear. Looking at the hourly chart, the Bollinger Bands are continuously opening downward, and the price keeps hitting new lows during this period. The bearish momentum is still being released, indicating that this decline is far from over. That said, even if a rebound occurs in the middle, it’s just a technical correction and won’t change the overall direction. In fact, it could be a good opportunity to re-enter short positions. In terms of trading, consider shorting in the 103,500 to 104,000 range with a target around 101,000. Set your stop-loss points flexibly based on your position size. $BTC $ETH
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#美国政府停运 Wednesday morning continues to look bearish
The market is very clear. The four-hour chart shows continuous downward candles, with the middle Bollinger Band already effectively broken through. Bulls? There’s hardly any decent counterattack. Every small rebound seems particularly weak. After the three-line death cross on the KDJ, it has been trending downward, and the bears are now fully in control. This downtrend is quite clear.
Looking at the hourly chart, the Bollinger Bands are continuously opening downward, and the price keeps hitting new lows during this period. The bearish momentum is still being released, indicating that this decline is far from over. That said, even if a rebound occurs in the middle, it’s just a technical correction and won’t change the overall direction. In fact, it could be a good opportunity to re-enter short positions.
In terms of trading, consider shorting in the 103,500 to 104,000 range with a target around 101,000. Set your stop-loss points flexibly based on your position size. $BTC $ETH