In the early morning, Bitcoin broke all the way, reaching a high of around 104,000. We also announced the strategy in time in the early morning. It was obvious that we turned to long. This trend has broken the short trend. Ethereum has been crazy about the rise. From the side, Bitcoin's rising momentum will not decrease. We also turned to long in the early morning. This wave of more than 4,000 points rose. We also successfully took nearly 3,000 points back and recovered a wave of blood. Ethereum took 100 points at the same time. Many friends came to consult and suggested to cut short positions, but they refused to reduce them. As a result, they are now locked in positions. Tiandizhen doesn't know what you are thinking? Are you going against the trend? The current price of the currency has adjusted back to around 102,800.
Judging from the current market, the price of the currency will definitely have a correction after experiencing this wave of super pull-ups. However, the space and strength of the correction depend on the outflow of funds and transaction volume in the market. From the one-hour K-line chart, the trend of Bitcoin, on the Bollinger Band, the price stagnates after touching the upper track, and has not effectively stabilized, and the bulls lack momentum at high levels; the three lines of the KDJ indicator are in the overbought range, and the bulls are overly excited and have a need for correction; although the MACD indicator is currently positive, the bar is shortened, and the bulls' momentum is weak. In summary, the bulls are tired at high levels in the one-hour trend of Bitcoin, and various indicators suggest that the risk of correction has increased. There is great downward pressure in the short term, and the probability of shorting in the future market is high.
Big cake idea: short around 103000-103500, target 102000
Ether idea: short around 2180-2200, target 2100
