Embrace encryption, follow the trend, hello everyone, I am Shisan Yitai. I believe everyone has already reaped considerable gains from the Bitcoin and Ether short positions and profit-taking points I provided yesterday? Now let's look at today's market interpretation and operational suggestions.

From the eight-hour level, Ether has fallen below the middle track and has been running along the lower track, with the Bollinger Bands opening and continuing downward, indicating that selling pressure is still dominant, and the downtrend has not ended, so we must not blindly catch the falling knife. In the four-hour chart, after the price fell below the lower track, the KDJ three lines crossed upward in the oversold area, indicating a short-term need for a rebound correction, which is also the reason why the price rebounded slightly from the lowest point of 2076. However, the overall Bollinger Bands are pointing downward, the middle track continues to decline, and the bears are in control. The complete downward channel has a short-term resistance level at the 2160 to 2180 range, so we still suggest focusing on short positions.

It is recommended to enter short positions around 2140-2160, with a target of 2090-2070. If the price breaks down, look for 2050-2040. If it does not break, reverse to long.

From the 8-hour candlestick chart, we first determine the general direction of today's trading. The price is running closely along the lower track, the Bollinger Bands are continuously turning downward, and although the KDJ three lines show signs of turning upward at a low position, no clear reversal signal has formed. Additionally, the MACD green bars continue to enlarge, indicating that the bulls are unable to resist, and the downward momentum is still being released. The short-term resistance level above is around 77800, and the second strongest resistance level is at the 79000 integer mark. In the one-hour chart, the Bollinger Bands have flattened out, the KDJ three lines are running above 50, close to the overbought area, and the MACD has a golden cross below the zero axis, with red bars not increasing in volume, indicating that the short-term rebound has entered its later stage, and sustainability is limited.

Suggestion: Enter short positions around 77300～77800, with a target of 76300-76000. If the price breaks down, look for 75700-75000. If it does not break, reverse to long.

The market changes rapidly; the strategy is for reference only, always use stop-loss and take-profit measures.

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