Do not fear the fluctuations of the market; they are like the changing of the seasons, a part of the natural law. In the cryptocurrency world, time is your most precious ally. Hold patiently and let the power of compound interest take you through cycles, reaping the roses of time. On Thursday afternoon, after a slight pullback of Bitcoin to the support level around 98680, the bulls rallied again, with the price climbing to around 99863. Ethereum, on the other hand, continued to maintain a strong upward momentum, with the price reaching a high of around 1968.
Based on the current market situation, the four-hour level shows a series of bullish candles moving up to the upper Bollinger Band, but the bullish momentum has clearly weakened, and the price has not sustained a breakthrough upward. It appears that the 100,000 level is under strong pressure. From the one-hour perspective, after a series of four bullish candles, the price started to pull back, and the KDJ indicator formed a death cross with the three lines diverging downwards, indicating that the overall trend is gradually shifting towards bearish. Therefore, in the evening operations, we will still maintain a high short strategy.
You can short Bitcoin near 99800, targeting 98000.
You can short Ethereum near 1960, targeting 1910#BTC .