In the tumultuous waves of the cryptocurrency world, we may have all experienced those sleepless nights, our hearts fluctuating with the rise and fall of numbers. But please remember, in this ocean full of variables, every trembling heart deserves to be treated gently. On Thursday afternoon, Bitcoin's price saw a strong upward trend, rising from a low of 94,754 to a high of 96,351 before stopping. Ethereum's movement synchronized with Bitcoin, climbing from a low of 1,801 to a high of 1,850.
According to the current market situation, the four-hour level shows a series of bullish candles breaking through the upper Bollinger Band, with prices also surpassing recent highs. However, the MACD indicator shows a bearish divergence pattern, indicating that the overall trend may be suspect to manipulation. From the one-hour level, the market is running in a four consecutive bullish candle formation above the upper Bollinger Band, but all bullish candles have upper shadows. The KDJ indicator has all three lines entering the overbought zone and forming a death cross pattern, indicating that bullish momentum is waning and a correction is expected. Therefore, for evening operations, I can adopt a short position strategy.
You can short Bitcoin around 96,300, targeting 94,500.
You can short Ethereum around 1,850, targeting 1,750.
