(Thursday morning trend analysis on 2.20)

Currently, the big cake is still in a downtrend. Don't be fooled by its rebound, but the overall rebound strength is not significant, and it doesn't mean that the market is about to reverse and start to rise.

Simply looking at the decrease in trading volume is like a shadow, clearly showing the gradual weakening of market upward momentum. Taking specific trading data as an example, in the past week, the trading volume decreased by about 15% compared to the same period last month, this significant change further confirms the lack of upward momentum.

Looking at the four-hour timeframe, the Bollinger Bands are contracting, with the space being compressed. The price has been running around the midline of the Bollinger Bands, but the overall structure and trend are still in a correction phase. On the one-hour timeframe, a pattern of three consecutive positive candles is displayed on the chart, but the upper band of the Bollinger Bands is under obvious pressure. Currently, the possibility of a rebound followed by downward pressure cannot be ruled out. In the morning, it is advisable to observe the bearish retracement after the bullish rebound is under pressure. The operation remains unchanged in a bearish stance.

In summary, the operation suggestion:
Short around 97000-97500 near the pancake, and focus on the target around 94000-91000
Short around 2730-2750 area for Ethereum, target focus on the 2600-2550 level

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