The "Black Monday" impact of #数字货币市场回调 is indeed significant. Bitcoin was hit by various Unfavourable Information today, experiencing a big dump of over 5% in a single day—from a high of $91,000 it plummeted to a low of $83,700 in the evening. Ethereum didn't escape either, starting the morning around $3,040, it crashed directly to $2,718 before barely stabilizing.

This morning, I originally planned to go long and look for 90,000, but the price directly broke through the support, so I had to stop-loss and exit. However, the strategy of turning bearish during the day was indeed timed well, as it fell from 89,000 all the way down to around 85,000. Friends who shorted during this wave should have made a profit.

How does the market look now? The BTC four-hour chart has already shown four consecutive downs. Although the price briefly rebounded after breaking through the lower Bollinger Band, the bulls are unable to organize a decent counterattack. In the evening, it plummeted again, with prices continuously hitting new lows, and the bearish candlestick pattern looks quite beautiful, with a clear lack of buying willingness. The long bearish candle on the hourly chart directly penetrated the lower band, not even giving a chance for recovery. The volatility is extremely high. In the short term, the rebound momentum has already been exhausted, and after the technical correction, the bears still dominate.

Evening operation advice is to maintain a short position on the rebound. Bitcoin can be shorted in the range of 84500-85000, with a target around 83000; Ethereum can be shorted in the range of 2750-2780, with a target around 2620. Current market sentiment is weak, so it is safer to follow the trend.