The recent coin prices can be said to have no continuity at all. They rise and encounter resistance before falling back, fall and find support before rising again. Currently, Bitcoin is around 89,330, and Ethereum is around 3,012. Our recent layout can also be considered very smooth, after all, we always wait for better entry points. As we have repeatedly said before, whether bullish or bearish, we only enter after signals of stabilization appear. This way, we can continuously take profits and double the position.

From the daily chart perspective, the price has been continuously declining. Although it has not yet broken the November low, the pattern suggests further decline. After a series of bearish candles, there was a rebound with bullish candles, but this is just a normal correction in the market. The price will eventually return to its previous downward rhythm. On the 4-hour chart, the price has also been in a declining state for several days. The rebound space and strength are minimal compared to the decline. Although there has been some recovery from recent lows, resistance has been encountered again, and a downward trend is forming. Therefore, the bearish outlook remains.

This morning, Bitcoin was shorted directly between 89,500 and 89,900, with a focus on around 87,000. Ethereum was shorted between 3,030 and 3,060, with attention to 2,850. #金价突破5200美元