Currently, the market trend is dominated by bears. The rebound is not a reversal; each upward wave lacks confidence, struggles to push higher, and trading volume continues to lag, indicating a clear overall weak rhythm. Essentially, it’s a volatile downward trend, a slow decline within a weak structure, definitely not a bullish-led market.
The approach remains the same and should not change: a rebound is an opportunity for bears to get on board. Trading Suggestions Short positions around 68,800-69,300 for Bitcoin, with targets near 66,000-66,500 Short positions around 2,010-2,040 for Ethereum, with targets near 1,850-1,880
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Morning Analysis
Currently, the market trend is dominated by bears.
The rebound is not a reversal; each upward wave lacks confidence, struggles to push higher, and trading volume continues to lag, indicating a clear overall weak rhythm. Essentially, it’s a volatile downward trend, a slow decline within a weak structure, definitely not a bullish-led market.
The approach remains the same and should not change: a rebound is an opportunity for bears to get on board.
Trading Suggestions
Short positions around 68,800-69,300 for Bitcoin, with targets near 66,000-66,500
Short positions around 2,010-2,040 for Ethereum, with targets near 1,850-1,880