In the ever-changing world of cryptocurrency, every passionate heart beats with the exploration and desire for the unknown. Here is a battlefield where dreams and reality intertwine, a stage where wisdom and courage collide. On Thursday morning, Bitcoin's market experienced a slight upward movement, with prices rising from a morning low of 93,950 to a high of 95,146 before halting. Ethereum's market, on the other hand, moved from an overnight low of 1,730, fluctuating upward to a midday high of 1,818 before entering a consolidation phase.
Based on the current market view, the four-hour level shows that after a wave of pullback, prices are moving upward towards the upper Bollinger Band, but the MACD indicator values remain in the negative zone, and the bullish candlestick body has a long upper shadow, indicating significant pressure from above. During this period, the prices have consistently tested the upper band without breaking through, and each time they reach a high, it is accompanied by a corresponding pullback, clearly indicating a pattern of rising then falling. From the one-hour level, prices are moving in a stair-step fashion toward the lower part of the upper Bollinger Band, but the KDJ indicator's three lines have all entered the overbought zone, and the SRI indicator line shows signs of turning downward. Therefore, alongside the gradually weakening trading volume, we should maintain a bearish outlook for the afternoon.
Bitcoin can be shorted near 95,500, targeting 93,500.
Ethereum can be shorted near 1,820, targeting 1,750.
