#美联储恢复降息进程 **12.1 Afternoon Market Observation Notes**

The bearish trend hasn't stopped; a rebound is an opportunity.

The operation in the morning was quite comfortable - I shorted Bitcoin around 86300 and took profits when it dropped to around 85600, securing the short-term gains.

What can we say about the current market? On the hourly chart, the Bollinger Bands are continuously opening downwards, with both the middle and upper bands pressing down. In the short term, the bears clearly have the upper hand. Whether the position at 85500 can hold will depend on how things go next. The candlestick pattern is also quite evident; when it drops, there are large bearish candles coming down, while during rebounds, there are only small bullish candles and doji patterns, indicating that the bulls have little strength. The trading volume hasn't picked up either, and the rebound momentum is very weak. In the afternoon, it's highly probable that the weakness will continue.

**Operation Idea:**
- $BTC Bitcoin: Wait for a rebound to the range of 86500-87000 to set up short positions, closely monitor the support at 85000.
- $ETH Ethereum: A rebound to the 2850-2880 range can be considered for shorting, with a focus on whether 2750 can hold.

That being said, in this kind of one-sided market, it is more important than anything to grasp the rhythm.