Tuesday Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions
Reviewing this morning's Bitcoin price, it broke through to 107,000 and then retraced to around 106,000. We directly placed a short position at the high, and the price retraced as expected in the afternoon. Ethereum followed a similar pattern, having reached a high of 2,587 this morning and then continuing to retrace to around 2,510.
The 1-hour K-line shows a high-level box consolidation pattern, and the B price has constructed a narrow consolidation platform. The MACD indicator continues to operate in the negative zone, and the fast and slow lines are showing a downward crossing trend, further confirming the strengthening of bearish momentum. Therefore, we will still adopt a high sell and low buy strategy tonight to make a short
Bitcoin short around 105,500 Target 103,500
Ethereum short around 2,550 Target 2,400
