Morning Thought Analysis

Yesterday, the intraday strategy suggested a rebound followed by short positions, which was validated during the two waves of the market in the afternoon and early morning.

Daily Level: Bitcoin has ended a series of bearish days with a bullish candle; short-term fluctuations are wide, but the long-term trend remains bullish. Four-hour Level: The bullish rebound in the early morning has not fully recovered the lost ground, and as momentum weakens, support is gradually becoming apparent below. The current price has touched the lower boundary of the descending channel, and the downward trend is slowing; however, it is still under pressure from the middle band of the Bollinger Bands, suggesting there is still potential for further declines in the short term. Intraday Operation: It is recommended to first establish short positions followed by long positions.

Trading Suggestions

Short Bitcoin at 95000-94500, targeting 93000-93500. If it does not break down effectively, consider reversing to go long.

Short Ether at 1820-1810, targeting 1780-1750. #BTC走势分析 $BTC