Bitcoin has experienced four consecutive bearish days on the daily chart, and the market has once again fallen into panic. At this time, the bears must remain rational and calm. If you missed the opportunity to short at high levels, wait for a rebound and do not chase the shorts too aggressively, or you may easily get trapped. The middle and lower bands of the Bollinger Bands on the daily chart for Bitcoin are opening downwards, the MACD bearish momentum is starting to increase, the KDJ has formed a death cross after turning down from a high position, and the RSI is also turning downwards. There is no doubt that the overall direction is dominated by bears.

On the short-term 4-hour chart, the price is pressing down towards the lower band, which is the most uncomfortable type of decline, watching the price drop lower and lower while long positions get trapped deeper, making it impossible to guess the bottom. The hourly chart shows weak rebounds; if there is a rebound during the day, short it, as the short position at 94,400 is still in hand!

On the hourly chart, the middle band is suppressed around 87,000, the 4-hour middle band is around 88,800, and the daily middle band is around 90,000. Therefore, shorting here undoubtedly becomes a position for participating in high shorts in batches. Pay attention to the support levels at 85,000, 84,000, and 82,000 below, with the bears initially targeting 80,000 this week, and the swing short target remains at 75,000.

Ethereum fell from 3,177 yesterday to a low of around 2,890. The strategy channel provided a short entry between 3,150 and 3,180 yesterday, and it dropped significantly from the highest point! The lower band of the daily chart is opening downwards, slowly creating space, with the middle band suppressing around 3,070. On the 4-hour chart, the price is pressing down towards the lower band, with the middle band also around 3,070. The three bands of the Bollinger Bands on the hourly chart are expanding downwards, with the middle band suppressing around 3,000. Therefore, the idea for high shorts today is also very clear, focusing on participating in high shorts around 3,000 and 3,070, using the high point of 3,170 yesterday as a stop-loss. Pay attention to the support levels at 2,900, 2,800, and 2,700 below, with the swing short target at 2,500!

"Before the army moves, the supplies must be prepared; with well-trained troops and sufficient supplies, victory is assured." This is a well-known ancient proverb. In a battle between two armies, it is essentially a contest of resources. With sufficient preparation, one can "steadily" win. The same applies in the trading market. In the bloody battle between bulls and bears, finding our own place is crucial, and the most important thing is to protect the principal. The so-called stable profit is merely the pursuit of steady growth of the principal, not getting rich overnight.

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