Wednesday Morning | Tang Long Intraday Trading Strategy Analysis Bitcoin breaks below the 90,000 level, with bearish sentiment dominating. Influenced by the weakness in US stocks, the price drops rapidly, and the previous oscillating upward structure is completely broken. On the daily chart, there is a volume-driven decline, with a large bearish candlestick breaking through the middle Bollinger Band and the 30-day moving average. The MA5 turns downward to form a death cross, and market risk appetite clearly cools down. On the 4-hour chart, the bulls have almost no effective resistance, the Bollinger Bands are widening rapidly, and the MACD bearish momentum continues to grow, indicating a clear downtrend. In the early session, focus on the rebound strength; if the rebound is weak, the market is likely to continue its downward trend. Trading Strategy: Mainly short on rebounds Bitcoin: 88600–89100 range for resistance, targeting 88000–87200 Altcoin: 2950–3000 range for resistance, targeting 2900–2850 Follow the trend, patiently wait for a better entry point during rebounds. #加密市场回调 #加密市场回调 #Gate广场创作者新春激励 #加密市场观察 $BTC $ETH $SOL

Another new low~ The point on this needle tip is 88088/2915/124. These past two days, all the gains have been wiped out. Those who got in early should watch for a rebound~ Those caught in the trap, just stay trapped for now~ Updated BTC/ETH/SOL