Morning Analysis


Bitcoin has been oscillating downward from 70,900, with the lowest point at 65,800 in the early hours, signaling a halt to the decline. Our previously suggested high-altitude strategy has been successfully realized, with Bitcoin dropping 3,000 points and Ethereum falling 100 points. The overall trend remains weak.
The market has broken below all cycle moving averages, with a lack of rebound strength, and the downward momentum continues. Prices are operating near the lower Bollinger Band, indicating a downward trend. Trading should continue to focus on short positions.
Consider short positions around 67,800-68,300 for Bitcoin, targeting 65,800-66,300.
For Ethereum, consider short positions around 1,980-2,010, targeting 1,830-1,860.
BTC1,59%
ETH1,64%
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