Trading Philosophy: Look at trends in the long term, find entry points in the short term;
Technical Analysis: For Bitcoin, the daily chart closed with a bullish candlestick near 105600, the Bollinger Bands continue to run flat, the MACD moving averages continue to decline, bearish volume is starting to decrease, and the KDJ is starting to move upwards. On the 4-hour chart, the Bollinger Bands continue to narrow upwards, the MACD moving averages continue to rise, bullish volume continues to decrease, and the KDJ line is moving upwards;
For Ethereum, the daily chart closed with a bearish candlestick near 2500, the Bollinger Bands continue to run flat, the MACD moving averages continue to decline, bearish volume continues to increase, and the KDJ line continues to move upwards. On the 4-hour chart, the Bollinger Bands continue to narrow downwards, the MACD moving averages have started to rise, bullish volume continues to increase, and the KDJ line has started to move upwards;
Currently, the market is still in a consolidation phase. Although the short position set up yesterday was somewhat aggressive, it was closed with a small profit. For subsequent operations, it is advised to continue shorting on rebounds!
Trading Suggestion: Short on rebounds!
Current price for Bitcoin shorting at 106500-107000, target 105000-104000, stop loss at 108000;
Current price for Ethereum shorting at 2510-2530, target 2450-2400, stop loss at 2570;
