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You can judge the market about 70-80% just by looking at the order book; the market is always the most honest judge. The recent rhythm has actually been quite clear.
Bitcoin hit resistance near 91,983 right after the US stock market opened yesterday, then directly plunged to around 90,049. Ethereum was similar, retreating from a high of 3,144 down to 3,064. Those who wanted to short during the midnight rebound seized the opportunity; the market moved so precisely it was almost unbelievable.
From a technical perspective, on the 4-hour chart, this wave of volume-driven long candles broke through the middle band of the Bollinger Bands, but was immediately pushed back down. The long upper shadow indicates selling pressure above. Although the bullish and bearish momentum indicators have slightly increased, whether they can break through that resistance level remains to be seen. Switching to the 1-hour chart, the price just crossed the middle band but was pushed back, then hovered below it. In the short term, technicals definitely need some consolidation.
During weekends, liquidity is usually tight, and market participation naturally decreases. The strategy at such times is to short on rallies, rather than trying to catch the bottom.
**Trading Ideas:**
Short Bitcoin around 91,000, target 89,500
Short Ethereum around 3,100, target 3,000
Having seen many cycles of bull and bear markets over the years, I’ve stepped into plenty of traps. Studying alone isn’t as good as exchanging ideas with others; the market is both cruel and fair. Those willing to share often go further. Wishing everyone a smooth weekend trading, and may you secure this opportunity steadily.