The afternoon market analysis is here: #ETH走势分析

The market started to consolidate again in the afternoon, with Bitcoin stabilizing around the position of 85500, and Ethereum also approximately bottoming out near 2805. After that, the trend slowly began to warm up. Following this deep adjustment, the short-term price is expected to take a breather.

Look at the current market situation —

On the four-hour chart of Bitcoin, the price originally aimed to stabilize at the middle Bollinger band, but ultimately failed to hold. Influenced by news, it directly experienced a strong consecutive bearish move, hitting new lows. The bearish candles closed quite solidly, and the pattern suggests further expansion. On the hourly level, it's even more evident, with the price closely following the lower Bollinger band, and the bands narrowing downwards, indicating that the bearish sentiment is still dominant after this round of adjustment. Therefore, the trading strategy remains the same as mentioned at noon—short on rebounds.

Specific point reference:
You can set up short positions in the range of 87000-87500 for Bitcoin in the evening, with a target around 85000.
Consider a short position for Ethereum in the range of 2850-2880, targeting around 2750.

The strategy is for reference only, manage your positions well.