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1. Friday Afternoon BTC/ETH Market Update
Following the Federal Reserve decision early this morning, the crypto market responded with a sharp decline, hitting new lows. Our clear bearish outlook from this morning has been perfectly validated.
The current rebound is not a trend reversal but a golden opportunity to establish short positions. From macroeconomic analysis to market sentiment, the bear market pattern has been confirmed. The brief rebound lacks sustainable momentum, making it an excellent time for bears to strike.
Coinciding with Black Friday, market selling pressure is likely to further intensify. From the charts, the rebound appears weak, and in the short term, the market is likely to test the resistance at 83,500 before resuming its decline. This confirms that the current market is predominantly controlled by bears.
Trading Recommendations
Bitcoin: Short in the 83,000-83,500 range, targeting 81,500-81,000, with a stop loss if broken below 80,000.
Ethereum: Short in the 2,760-2,770 range, targeting 2,600-2,650, with a stop loss if broken below 2,550.