Friday Afternoon Thoughts

Hurry up and keep up, start your journey to get rich, every second of hesitation is a betrayal of wealth. Join the crypto futures market now and let the wave of wealth propel you to the top! On Friday morning, Bitcoin showed strong decline, dropping from the high of 88214 down to the low of 81111. Ethereum's trend was similarly synchronized with Bitcoin, falling sharply from the morning high of 2904 to the low of 2642. Brother Sheng provided a bearish outlook early in the morning, and the market precisely reached that target. At the same time, both Bitcoin and Ethereum short positions were strategically placed, with entries near 87320 and 2875, and exits around 85635 and 2793. The Bitcoin short gained 1700 points, and the Ethereum short gained 77 points. Later, during midday, both Bitcoin and Ethereum shorts were again arranged, entering near 86231 and 2865, and closing positions around 83603 and 2729, respectively. The Bitcoin short gained another 2600 points, and the Ethereum short gained 76 points.

From the current market view, the four-hour chart still shows a dominant bearish trend. After a second dip, prices rebounded slightly, but the rebound was minimal. It is clear that the bearish momentum remains strong, and short-term downward pressure is likely to continue. The market has broken below certain levels; on the one-hour chart, after a quick dip, prices recovered rapidly. Currently, the price is hovering above the lower Bollinger Band, with no clear bottom signals. Every bullish rebound provides energy for the bears, leading to further declines. Therefore, the afternoon trend remains downward, and the bearish outlook after a rebound is expected to continue probing lower.

BTC: Short near 85000-85300, target 82500
ETH: Short near 2780-2800, target 2600