In the world of Bitcoin contracts, each candlestick tells a story of human nature. This is not just a simple battle between bulls and bears, but a mental struggle between you and yourself. When prices fluctuate violently, the true test is not your technical analysis skills, but whether you can remain clear-headed amidst the onslaught of greed and fear. Last night, Bitcoin fell below support and reached the position of 92,800, after which the bulls began to take control of the game, pushing the price up to around 94,800 at its peak. The pressure level above has once again arrived, and currently, the bulls are not showing much sustained volume. It has now come down to around 94,200.
From the current trend, after a rise last night, Bitcoin faced resistance at the 95,000 level, and the price has currently retraced to around 94,200 with insufficient volume from the bulls, indicating that bears may take the dominant position. Moreover, from the hourly chart perspective, there is not much room for a significant rise; it is mainly fluctuating around the 94,200 to 95,000 range. For those who have not entered the market, it would be wise to wait for a slight rise in price before planning a short position, considering that it has already risen nearly 2,000 points. The safest play this morning is still to participate in short positions.
Bitcoin strategy: Short near 94,800, target 93,000
Ethereum strategy: Short near 1,815, target 1,750
