The judgment of looking short before #数字货币市场回调 has been confirmed again. Although there is a Rebound on the four-hour chart, the Trading Volume has not followed at all. This kind of Rebound is purely a technical repair action and does not change the main melody of the fall. The moving average system is still in a diverging state downward, with short positions controlling the pace. In the short term, this slight Rebound cannot overturn the trend.

On the daily chart, it is more evident – after three consecutive small bearish candles, a large bearish candle has come in to accelerate the downward movement, with the price nearly touching the lower band of the Bollinger Bands. Although there are some shadows below the large bearish candle, the pattern of closing bearish is basically set. The previous rebound correction has completed, and a new downward cycle has officially begun.

Here is a reference for operation:

$BTC can consider laying out short positions in the range of 86000-86300, looking at around 84000.

$ETH can also try to short positions around 2780-2800, with a target of 2650.

The current market structure is weak, and the technical indicators support the continuation of short positions; pay attention to risk control.