#巨鲸行为分析 11.5 Morning BTC/ETH trend observation

This wave broke the defense directly in the early morning. BTC dropped from the 100,000 mark all the way down to 98,800, and ETH followed with a plunge, with the bears being quite aggressive. Although there has been a slight recovery now, I prefer to understand this as a technical correction after an oversold condition. Is a real reversal coming? It's still too early.

How to view this wave of market: The large bearish candlestick on the daily chart has already indicated the situation, with bears gaining the upper hand. Looking at the 4-hour level, the continuous bearish candles indicate that the selling pressure hasn't stopped at all. Unless there is a clear bottoming signal or a violent rebound occurs, it's unlikely to reverse this downward trend in the short term. Therefore, today's strategy is — any rebound is an opportunity.

Today we can do it this way:
BTC is focused on the range of 101500 to 102200. If it bounces back up but clearly can't hold, then it can be considered to short, with the initial target looking at around 98000.
For ETH, pay attention to the position of 3300. If it bounces up and lacks strength, you can also consider placing a short position, looking down at the support levels of 3150 and 3050. $BTC $ETH $GIGGLE