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Looking at the hourly chart, BTC has broken below the Bollinger Band lower rail, and the rebound failed to reclaim the middle band above, showing a clearly weak short-term trend. Although the KDJ indicator shows low-level dullness, there's no obvious bullish divergence signal. In this situation, rebound resistance presents an opportunity to go short with the trend.
The short positions from this morning have already made gains. Continuing to short at this level still offers decent risk-reward ratio without needing to catch the exact peak of the rebound. Place the stop loss at the position where the structure turns weak.
**BTC**
Entry: Short near 72900-73500 (rebound resistance zone)
Target: First watch 72000, then 71200 if broken
Stop Loss: Above 73800
**ETH**
Entry: Short near 2270-2300
Target: First watch 2210, then 2180 if broken
Stop Loss: Above 2320
I'm XiaoQing #btc #ETH #BTC #Bitcoin