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The morning strategy has already been shared with everyone in advance. The price trend coincides with my strategic thinking once again. This morning, we got on board a long position at 116442, and at the point of 117898, we strongly captured a space of 1456 points. A precise prediction might just be a matter of luck, but being able to provide forecasts in advance every time and accurately grasping swing trading definitely has a traceable basis.
From the daily chart, the market has continuously formed small bullish doji candles, continuing the previous consolidation trend. The candlesticks have formed long upper and lower shadows, oscillating back and forth within the range. The technical indicators are gradually turning from bullish to bearish, with the bears gradually gaining market advantage. Looking ahead, support is around 11.6; if broken, the price may enter the next phase of correction. On the four-hour chart, the price has formed a long shadow doji candlestick, quickly rebounding after testing the lower support level, but facing pressure near the mid-line and retracing. Currently, the price is operating between the mid-line and the lower line. The MACD energy bars indicate that bearish momentum is gradually increasing, and the fast and slow lines show a divergence trend. Therefore, we maintain a bearish outlook for the market, aiming to short on rebounds.
Short Bitcoin near 118000, watch around 116500; Short Ethereum near 3800, watch around 3700.
#BTC# #ETH# #GateioInto11#