In the morning market, the price of Bitcoin has surged significantly, and the bullish momentum remains strong. However, in such market conditions, one must remain cautious and not blindly chase after bullish positions. Therefore, we may try to short at high levels in the morning session to capture a pullback in prices.
From the daily chart, the candlestick has closed slightly positive for several consecutive days, indicating that the support strength at the middle band of the Bollinger Bands is quite strong, making it difficult for bearish momentum to continue, which also reflects that the buying support below is relatively solid. Looking at the 4-hour chart, the Bollinger Bands are gradually narrowing; if the price cannot achieve an effective breakout in the short term, the market is expected to maintain a range-bound pattern.
Short Bitcoin around 97800-983, targeting a price level of 95000.
Short gold near the rebound around 1860-1880, with a target below 1750.
From the daily chart, the candlestick has closed slightly positive for several consecutive days, indicating that the support strength at the middle band of the Bollinger Bands is quite strong, making it difficult for bearish momentum to continue, which also reflects that the buying support below is relatively solid. Looking at the 4-hour chart, the Bollinger Bands are gradually narrowing; if the price cannot achieve an effective breakout in the short term, the market is expected to maintain a range-bound pattern.
Short Bitcoin around 97800-983, targeting a price level of 95000.
Short gold near the rebound around 1860-1880, with a target below 1750.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
97,830.99
+0.55%