5.5 Daily White Welfare Single
From a technical perspective, the daily chart shows two consecutive bearish candles. This morning, the closing formed a long upper wick and a relatively long bearish body. The Bollinger Bands are severely contracted. Observing from the smaller time frame technical charts, the price continues to refresh short-term lows, forming a stepped-down trend. It is noteworthy that the multiple rebound highs have encountered strong resistance, leading to a rapid decline after being obstructed. Based on the above, it is recommended to go short at the current price!
For Bitcoin, go short at the current price, target: around 92500, stop-loss around 96000.
For Ethereum, go short at the current price, target around 1750, stop-loss around 1845.
