Embrace cryptocurrency, go with the flow, hello everyone, I am Shisan Ethereum.

The short positions given in yesterday's analysis must have perfectly hit take profit for all the friends who followed along, right? Everyone can review the previous analysis; we have been hitting take profits continuously for a long time, but the traffic hasn't been very good, so for those who see this, please help by liking and following, so that Shisan can gain confidence and continue to update!

Let’s take a look at today’s market analysis; currently, the Ethereum market is in a situation where the bulls no longer have any power to resist, which is a typical weak downtrend. It can be said that every rebound is providing opportunities for the bears. The downward wave pattern that I drew for everyone has completed most of its course. The resistance level is between 2030-2050, which is also the entry point for short positions in the short term. The dense trading area below is between 1980 and 1960. If this position holds, there is a high probability of a technical rebound, but if it doesn't hold, a new round of decline will begin.

Recommendation: Enter short positions around 2040-2050, targeting around 2000-1980, and if it breaks, look at 1960.

Now let's take a look at Bitcoin; after three failed attempts to break through the 82800 mark, it has formed a clear descending channel. The highs are continuously decreasing, and the lows are also consistently moving downwards. The current price is operating near the lower Bollinger Band, which is opening downwards, the KDJ three-line dead cross is pointing down, the J line has entered a deep oversold zone, the MACD is running below the zero line, and the bearish green bars continue to increase in volume with no significant reduction in downward momentum, indicating that the mid-term bearish trend will accelerate.

Recommendation: Enter short positions around 74500-75000, targeting around 73500-73000.

The market changes rapidly; the strategy is for reference only, and be sure to take care of stop losses and take profits.

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