The road in the cryptocurrency world is never smooth. But it is precisely these hardships that forge our unyielding will. We believe that every fall is a step towards standing up better, and every failure is a solid step towards success. On Tuesday afternoon, Bitcoin showed a fluctuating upward trend, with the price gradually rising from the low point of 94154 to the high point of 95264. Similarly, Ethereum's price rose from the low of 1788 to the high of 1842. The long position in Bitcoin laid out by Brother Sheng during the afternoon entered around 94196 and took profits near 95061, capturing a space of 850 points.
From the current market perspective, the four-hour level shows that after a slight pullback, the market is gradually approaching the upper Bollinger Band, but the upper Bollinger Band is under strong pressure, and the bullish momentum has not provided a certain continuity. The MACD indicator values are also in the negative range. From the one-hour level, after rebounding to just below the upper Bollinger Band, the market has slowed down, and the KDJ indicator's J value has entered the overbought zone, indicating expectations of a significant pullback in the future market. Therefore, this evening, we can operate with a high short strategy after the rebound.
Bitcoin can be shorted near 95500, targeting 94000-93500.
Ethereum can be shorted near 1840, targeting 1770.
