The large pie is under pressure near 91213 this morning, and then shows a continuous decline, with the lowest point reaching 85563. Currently, the price is oscillating and consolidating around 86000, which serves as a key psychological and technical level; its loss or gain will determine the short-term sentiment direction. The second pie's trend is weakening in sync with the large pie, starting the downward channel from 3034, reaching as low as 2805. The current price is weakly consolidating around 2830, with the rebound strength clearly limited, and the overall trend is still dominated by bears. A bull market is a celebration for everyone, while a bear market is the true training ground for real investors. The largest profits often come from sowing seeds when no one is paying attention and remaining calm amidst the noise.
From the 4-hour perspective, the price has effectively broken below the lower Bollinger Band. After two consecutive days of bearish candles, a single bullish candle has appeared for repair, but the MACD death cross pattern has been confirmed, indicating strong downward momentum that is difficult to reverse in the short term. Looking at the 1-hour level, the three Bollinger Bands are all turning downwards simultaneously, and the price continues to run below the middle band, with clear lack of upward momentum. The current rebound can be characterized as a normal technical correction within the downward channel. At present, the lower channel has opened up, and bulls lack the momentum to counterattack in the short term. Therefore, afternoon operation suggestions are to maintain a focus on short positions during the rebound.
Operation Suggestions:
Large Pie: Short near 86800-87200
Target: Around 85000
Ethereum: Short near 2850-2870
Target: Around 2750
