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Details: ht
Today, the market experienced significant volatility, with BTC undergoing a deep V dip during the day. The coin price fell sharply from the 115696 level to the 111469 level, a drop of over 4000 points in a single day. The stop loss for the concentrated long orders was triggered, leading to liquidation, and the market's selling pressure released fear emotions. Ether's oversold condition was even more rapid, directly testing the 4000 mark, with a drop of nearly 400 points that directly broke through the market's long orders.
Analysis from the four-hour level: After a significant fall, the market formed a long lower shadow, with bulls pushing for a slight rebound. The support levels below are evident, but the overall trend has not effectively reversed. The Bollinger Bands show a downward opening pattern, and market sentiment remains bearish. From the one-hour level: After a two consecutive green candles rebound, the market is once again under pressure. It is clear that the short-term rise is merely a normal rebound correction. Therefore, the evening trading strategy will still focus on bearish positions.