Wednesday afternoon, March 4th, BTC/ETH Silk Share

The short position on Bitcoin announced in the morning immediately gained over a thousand points. The structure has been explained very clearly: on the 4-hour chart, the MACD bullish momentum continues to shrink, indicating that the upward momentum is exhausted. The price repeatedly tests the middle band of the Bollinger Bands for support, but this actually consumes the buying power of the bulls. After repeated tests, the support becomes increasingly fragile. Although the hourly chart shows a rebound demand, the rebound height is limited, merely accumulating energy for a new round of decline. In summary, the market appears tense but in fact the bears are gathering strength. Trading should mainly focus on shorting from high levels.

Trading suggestions:
Bitcoin in the 68,700-69,200 range for shorting, target 66,400
Ethereum in the 2010-2030 range for shorting, target 1870
$BTC $ETH $SOL #美伊局势影响 #比特币保持坚挺 #美股跌幅收窄 #深度创作营