Tuesday Morning · Market Overview

It's not scary to see prices fall; what's scary is losing your mindset. Chips are flowing back into the hands of patient traders — this is the eternal rule of the market.

How did yesterday's market move:
Bitcoin dropped straight from the high of 95481, once reaching a low of 91816. Then it rebounded and started consolidating around 93300. Ethereum also didn't perform well, halving from 3367 to 3175, then rebounding to 3220 before getting stuck. The bearish target of 92000 given yesterday was basically hit at 92100 in the early session, with quite precise timing.

The current situation is as follows:
The early session was mostly narrow fluctuations, with Bollinger Bands tightening. Prices repeatedly faced resistance at the upper band and the MA220 and MA30 combination, unable to break through. Technical signals are starting to show danger —

MACD is showing a bullish crossover above the zero line with increasing volume, but the price is not keeping up, indicating a clear bearish divergence;
RSI has already formed a death cross, hovering around 30, with bullish momentum continuously waning.

Overall, the structure is relatively weak. The trading strategy is mainly to go short at high levels, with the key being to hold support levels.

Trading directions:
Bitcoin: Short around 93000, target 90000
Ethereum: Short around 3250, target 3000
#Strategy加仓BTC $BTC $BNB