This market trend is a direct cliff-like break, within two days of opening it completely swallowed last week's gains, which can be said to have overturned all my previous expectations. However, the overall direction is not wrong, just not fully realized. I originally wanted to rebound above the resistance zone here around 91600-91800, but it was directly smashed to pieces.

Yesterday's plan was to go long after breaking 93600, but the overall rebound strength was not as expected, and I missed out. I mentioned in yesterday's live stream that if the repair yesterday couldn't break 93600, then there would still be a second dip near the support of 91000. Plus, with the US stock market closed yesterday, I didn't write much, but I've said about all that needs to be said.
In simple terms, looking at the daily candlestick pattern, we are currently in a five consecutive bearish pattern, with the price falling below the middle band of the Bollinger Bands. Last week, I said I wanted to participate in shorting at around 98300, but it only reached about 97900, and my orders did not trigger. I placed a few short orders, and in terms of technical indicators, the bullish momentum of the MACD has been continuously shrinking, and the bearish momentum has now entered a phase of expansion. The KDJ and RSI indicators are both turning downwards, and the upper band of the Bollinger Bands is continuing to move downwards, further consolidating the market structure dominated by bears.

Looking at the 4-hour level, the middle and lower bands of the Bollinger Bands are forming a synchronized downward trend, with prices oscillating down along the lower band. The bears are exerting pressure, and the MACD indicator's death cross state continues, entering the oversold zone. The bearish momentum bars have not shown significant signs of convergence, and the mid-term still faces strong pressure. The intraday trading volume is shrinking, and market sentiment is cautious. For a valid breakout in the short term, it needs to be confirmed with volume, and blind following is not advisable. At the hourly chart level, after being pressured from the upper band, prices continue to pull back, and during the rebound process, they are repeatedly pressured by the middle band. Currently, it is testing and correcting near the lower band of the Bollinger Bands, with limited space for a short-term rebound.

Bitcoin 91800-92300 is a resistance zone for shorts, with the target to watch for support at 90300.

Ethereum 3160-3180 is a short, with the target to watch near 3070. $BTC #美国核心CPI低于预期 $ETH #币安钱包TGE $BNB #Strategy增持比特币