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Don't remind me again today

#数字货币市场回升 Powell's potential resignation sent shockwaves through the global financial markets. The Crypto Assets sector was no exception, with Bitcoin plummeting from 91000 down to a low of 85563 during the lunch break; Ethereum also suffered, unable to hold the 3030 level, sliding all the way down to 2830 before stabilizing.



Interestingly, Yang Jie's team executed a textbook-level operation. Their long positions set up in the morning were indeed swept away by the sudden plunge, but they reacted quickly—directly admitting their mistake and stopping losses, immediately turning to short positions. They entered a Bitcoin short position at 88611 and exited at 87285, making 1330 points; for Ethereum, they entered short at 2900 and exited at 2828, securing 72 points. Not only did they recover the losses from the morning, but they also made a profit. Their mindset and execution power are truly commendable.

Let's take a look at the current situation from a technical perspective. On the four-hour chart, the price has directly smashed through the lower Bollinger Band with a large bearish candle. Although there has been a slight recovery afterwards, the strength of this rebound is simply not enough compared to the fall. The bearish fundamentals are still fermenting, and the downward trend is already very clear. This slight rebound, to put it bluntly, is just a technical correction after a significant drop; the bearish pattern has not changed.

Looking at the hourly chart again. After a rapid plunge, three small bullish candles have appeared, which superficially seems like a rebound, but you notice that the Bollinger Bands are still opening downwards, indicating that the buying power is simply insufficient. The pressure above is heavy, and the entire market is still oscillating in a weak range, where the bears may strike again at any time to break below recent lows.

As for how to operate today? Personally, I tend to remain bearish. $BTC If it rebounds to around 87000, consider entering a short position, aiming for 85000 first; as for $ETH , around 2880 is a good entry point for a short position, with a lower target watching at 2700. Of course, the market changes rapidly, so it really depends on the real-time market situation, and strict stop-loss is always the top priority.
BTC2.26%
ETH1.32%
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