Andy Lau’s Market Commentary on BTC and ETH at Noon

The market chart has already given the clearest bearish signal; consolidation in a high range is just the bulls’ final flicker of hope!

Judging from the overall market formation and capital flow, selling pressure at the key resistance level above continues to expand. Every time the price rebounds, it is met with ruthless suppression. The bullish momentum to push higher has completely dried up, and bearish downward momentum is accelerating its release.

On the 4-hour cycle chart, the standard double-top reversal pattern has already been formed. Top divergence signals in indicators such as MACD and RSI keep strengthening. All the resistance from the bulls is only a last-ditch struggle. The bearish trend is already established, and the balance of power between bulls and bears is fully controlled by the bears.

In the future, the probability of the market breaking down and moving lower from the high levels is extremely high. For trading, you must be firmly committed to shorting into strength. Relying on the key resistance levels, build short positions in batches, and remember to set your stop-loss. As for the profits from this bearish move, we must firmly keep them in our hands!

Trading Suggestions:
Enter short in the BTC 77,200-76,000 range,
Target below at 76,000-76,500

Enter short in the ETH 2,450-2,500 range
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