As a senior figure in the cryptocurrency space, I have been deeply involved in this captivating and challenging industry for many years. Having experienced the ups and downs of the crypto market and witnessed the rise and fall of countless cryptocurrencies, I have accumulated rich practical experience and unique market insights. Investing is a long-term practice, and this is especially true in the cryptocurrency space. Continuous learning and improving one's cognitive and judgment abilities are essential to navigate this challenging field steadily.

The current price of Bitcoin is 86,000. After a previous surge to 93,150, it has significantly retraced, hitting a low of 86,000, which has broken below the monthly Bollinger Band support at 87,500.

From a technical perspective, the daily K-line EMA shows a significant bearish trend, with MACD continuing to shrink and maintain a bearish momentum. The RSI has entered an extreme oversold zone, indicating a need for a technical rebound, but overall, the bears are dominant. The four-hour K-line has broken below the previous low support at 88,500. The MACD's bottom divergence is nearing its end, with the main force controlling the market, leading to repeated washouts between bulls and bears. The level of 85,500 serves as the last line of defense for the bulls; if it is lost, it will further open up downward space.

Short-term trading reference for Bitcoin:

Long position layout: Enter in the range of 86,000-86,500, with a stop loss at 85,500, risking 500 points, targeting 87,500 to 88,000 and around 88,500.

Short position layout: Enter in the range of 89,000-89,500, with a stop loss at 90,000, risking 500 points, targeting 88,000 to 87,500 and around 86,500.

Short-term trading reference for Ethereum:

Short position layout: Enter in the range of 2,950-3,000, with a stop loss at 3,100, risking 40 points, targeting 2,900 and 2,850 and around 2,800.

Long position layout: Enter in the range of 2,750-2,800, with a stop loss at 2,700, risking 40 points, targeting 2,850 and 2,900 and around 2,950.

Disclaimer: The above analysis represents the author's personal views and does not constitute specific trading advice. Trading based on this information is at your own risk; investing carries risks, and caution is advised when entering the market.

This article is exclusively planned and published by Old Yang from the cryptocurrency space. For more real-time investment strategies, spot contract trading techniques, and operational skills, you can consult me for learning and exchange. I have focused on BTC, ETH, and altcoin spot contracts for many years and hope to help you achieve remarkable results!

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。