Bitcoin Morning Analysis and Strategy

$ETH The overall trend remains bearish with no significant change. The price has been consistently pressed below the middle band of the Bollinger Bands, and each rebound is quickly sold off, indicating heavy selling pressure above. The market is a typical "rebound then get hammered" scenario.

From the indicators, MACD has been operating below the zero line, with bearish momentum still being released; looking at volume, it's quite clear—no volume during rises, increased volume during declines. This structure suggests that the bears are in control, making it difficult for the bulls to turn the tide.

Although there is a small rebound on the 1-hour chart, it is essentially a correction after a significant drop, not a trend reversal. The main downward channel remains intact, and the structure has not been broken. There are also moving averages and previous dense trading zones pressing from above, making upward movement quite challenging with limited space.

Trading Strategy: Rebounds still present shorting opportunities; it’s not advisable to blindly chase long positions.

Reference levels: Short in batches around 2080-2100, targeting 2020-1980; if it continues to break down, look at the 1950 level.

Key takeaway: The trend hasn't changed; don’t be misled by small rebounds. Going with the bears is the safer bet. #ETH #BTC