In the cryptocurrency world, there are no permanent failures, only temporary lows. As long as we maintain a positive attitude and bravely face challenges, we will surely find ways to break through difficulties and welcome a new dawn. Last midnight, the Bitcoin market continued to fluctuate within the range and did not show a strong one-sided trend. After rebounding to a high point of 96472 last night, the price fell under pressure, and the morning market stopped after touching a low point of 95666. The Ethereum market rebounded to a high point of 1848 after dipping to a low point of 1807 last midnight.
According to the current market situation, the four-hour level shows a downward fluctuation below the middle track of the Bollinger Bands. During this period, the bulls provided some rebound, but the rebound strength is not strong, and all indicators show that the overall market is currently dominated by bears. From the one-hour level, the market rebounded after breaking through the lower track of the Bollinger Bands, but each rebound by the bulls was quickly suppressed by the bears, and the lower lows are constantly moving down, indicating that the overall market sentiment remains weak. Therefore, from morning to noon, we expect a bearish downturn after the rebound.
Bitcoin can be shorted around 96300-96500, targeting 95000.
Ethereum can be shorted around 1845, targeting 1770.
