In the grand panorama of the cryptocurrency world, every heart has experienced the baptism of storms. When the waves of numbers surge, and the market's fortunes change unpredictably, there may be times when one feels lost, even afraid. But please remember, deep within this ocean filled with the unknown and miracles, there is always a ray of light, gently illuminating the path ahead. On Tuesday, Bitcoin's price fell from the morning high of 103080 to a low of 101400 before halting, subsequently showing a fluctuating upward trend, with the evening price reaching a high of 104365. Ethereum's price fell from a morning high of 2500 to a low of 2415 before stopping, followed by a rebound, with the evening price peaking at 2600. Brother Sheng’s strategy of two long Bitcoin and one long Ethereum played out as expected, with the long Bitcoin position set in the morning at around 101781 and exiting around 102685, capturing a profit of 900 points. The long Bitcoin position set at around 102281 exited around 103692, capturing a profit of 1400 points, while the long Ethereum position set at around 2440 exited around 2518, capturing a profit of 78 points, totaling a profit of 2300 points from the two long Bitcoin positions.
According to the current market conditions, the four-hour level shows the price gradually rebounding above the middle track of the Bollinger Bands, with the bulls exhibiting some momentum, but the price has not sustained a breakthrough. The MACD indicator shows a top divergence pattern, so the current trend may have the suspicion of a false breakout. From the hourly level, the price has shown a two consecutive bullish trend upward to the upper track of the Bollinger Bands, but the bullish candlesticks all have long upper shadows, indicating strong resistance at the upper track. The bulls have not provided a substantial breakthrough. The KDJ indicator, after forming a death cross, is gradually converging, indicating no change in the indicator structure. Therefore, our strategy for the midnight operation is to maintain the idea of high short positions after the rebound.
Short Bitcoin near 104300, target at 102500.
Short Ethereum near 2620, target at 2520.
