Good morning everyone, first let's review the situation of our layout in the market yesterday. The market yesterday still remained in a weak structure and ultimately continued to decline under the influence of the intraday retracement. Following the short-term market rhythm, we shorted near 27300 after midnight and continued to decline until evening, reaching around 26400. We successfully gained around 800 points in the market and also successfully gained a 25-point space in Ethereum.

Within a 4-hour time frame, the overall operating channel gradually expanded, and the price also operated at a relatively low position. Through the fluctuation of the volume of the market, the moving average trend also showed fluctuations and is currently running downwards. Therefore, we should develop our strategy around the high market sentiment in the evening operation.

In the one-hour trend, after hitting a recent high point last night, it continued to decline successively, breaking through many key supports from the previous period. The market made a new decision in a short period of time, and the downward trend is very significant. It is expected that the bearish trend will continue during the U.S. market time tonight. The primary task at the moment is to stay calm and wait patiently. As the saying goes, as long as you don't get off halfway, you will definitely reach your destination! In the one-hour technical analysis, the fact that the price strongly broke through the moving average is evident, and the moving average has formed a death cross pattern. However, the deviation between the price and the moving average is too large at the moment. There will definitely be a need for a rebound correction after the rapid decline. In the evening, when the price is close to our expected level, we should seize the opportunity to exit the market, and continue to short in the future!

Morning personal operation suggestions

Short Bitcoin near 26800-27000, with a target of 26500-26000

Short Ethereum near 1600-1610, with a target of 1580-1550

- I am Zhu Zhengting, a teacher specializing in technical analysis. If you have any questions about operations or trends, you can communicate with me and learn together! Let's exchange ideas and profit together!

Weibo: Zhu Zhengting Master

WeChat public account: Zhu Zhengting Master

Risk warning and disclaimer: The market is risky, and investment needs to be cautious. This article does not constitute personal investment advice and has not taken into account the specific investment objectives, financial situation, or needs of individual readers. Readers should consider whether any opinions, views, or conclusions in this article are suitable for their specific situation. Investing based on this, is at your own risk.

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