Embrace crypto, go with the trend. Hello everyone, I’m Shisan Ethereum.

For the short positions I analyzed yesterday—did the friends who followed them all take perfect profits? You can go back and check the previous analysis. It’s been hitting take-profits continuously for a long time, but the traffic hasn’t been very good. If you’re one of the people who can see this, please help by liking and following, so Shisan can feel confident and keep updating!

Now let’s take a look at today’s market analysis. In the current Ethereum market, the bulls have absolutely no strength left to resist—it’s a typical weak-drawdown situation. You could say that all rebounds are giving opportunities to the shorts. The downtrend wave pattern that I outlined for everyone has already played out for the most part. 2030-2050 is the current resistance zone, and it’s also the entry point for short positions in the short term. The dense trading area below is between 1980 and 1960. If this level is held, there is a high probability of a technical rebound. If it can’t be held, a new round of declines will be triggered.

Suggestion: Enter short positions around 2040-2050. Targets are around 2000-1980. If it breaks through, watch for 1960.

Now let’s look at Bitcoin. After failing three times to break the 82800 level, it has formed a clear downward channel. The recent highs are continuously decreasing, and the recent lows are also moving lower. And currently, the price is running near the lower band of the Bollinger Bands. The Bollinger Bands are opening downward. The KDJ’s three lines show a dead cross heading down, and the J line has entered the deep oversold zone. The MACD is operating below the zero line, and the bearish green bars continue to expand. Downward momentum has not shown any obvious weakening, which indicates that the medium-term bearish trend will accelerate.

Suggestion: Enter short positions around 74500-75000. Targets are around 73500-73000.

Market moves can change in an instant—this strategy is for reference only. Make sure to set your stop-loss and take-profit.