3.2 Midday Market Analysis

From the current market situation, although there is significant volatility, the price has not broken through key levels. The market lacks continuity, with bulls and bears repeatedly tugging, resulting in short-term fluctuations. This also makes it easy for many traders to fall into the trap of chasing gains and selling losses, missing out on genuine trend opportunities. From the hourly chart, the current rebound strength is relatively weak, with prices operating in a lower range, and the bears still dominate the scene. Therefore, we continue to maintain a bearish outlook, which has been our core strategy recently.
On the daily chart, the downward channel continues to expand in an orderly manner. After a short-term weak rebound and a full completion of the trap to induce buying and top formation, the market has successfully shifted to a steady oscillating downward trend. Bearish momentum is gradually released, driving the moving average system into a synchronized resonance downward pattern. This formation indicates that the market trend has clearly reverted to a bearish dominance, and this downward trend is characterized by strong persistence and structural stability. The four-hour chart continues with a weak decline pattern, with prices steadily probing the lower channel boundary, showing technical features of unilateral weakness, further solidifying the foundation for the daily bearish trend.
BTC Trading Suggestions: Short at 67,000-67,500, take profit at 66,200-64,500, stop loss above 68,300
ETH Trading Suggestions: Short at 1,980-2,020, take profit at 1,930-1,860, stop loss at 2,050