Tuesday Morning Thoughts

Real contract players understand: floating profits are just numerical fireworks; the money in hand is the war compensation. Yesterday at midnight, Bitcoin's market continued its downward trend from the evening, with prices slightly rebounding to around 94419 before stopping and falling back, reaching a low point of around 91220 in the early morning. Ethereum's midnight movement remains in sync with Bitcoin, with the market dropping from the evening high of around 3210 to the midnight low of around 2958, and the bearish outlook given by Brother Sheng at midnight also came true.

From the current market perspective, the four-hour level shows that after three consecutive bearish candles, there is a slight rebound in the bulls, but the rebound strength is relatively weak, and the price has not warmed up above the lower Bollinger Band. Considering the overall trend, the bulls' counterattack is unlikely to make significant progress, so the market remains bearish in terms of structure. From the one-hour level, the market has seen a three-day fragmented bullish rebound, but then stopped again. Although the price has warmed up somewhat, it appears insufficient compared to the previous decline. Since the downward space has been completely opened, we can continue to maintain a bearish outlook. #山寨季來了？ #ETH巨鲸增持 $ETH

BTC: Short around 92500, target 90500

ETH: Short around 3050, target 2900