After the high opening of the US stock market in the evening, there was a wave of nearly a thousand points of pullback space. The price dropped from a high of 107800 to 106800 before beginning to stabilize and rise again. The price returned to around 107900. We took a high position in the evening and directly captured nearly a thousand points of space, recovering the stop loss of the short position laid out in the morning. There are no invincible warriors in the cryptocurrency market; losses need to be reviewed, and one should not be a slave to emotions. Currently, we are waiting for another opportunity to enter a high position as the price approaches 107800 in the evening.
From the 4-hour level, it is about to form a downward channel. This rebound has not significantly increased in volume and has not broken through the previous high, indicating that the bullish counterattack is limited and the market is still dominated by bears. If the price is again pressured around 108,000, it is likely to continue the trend of oscillating downward. The MACD double lines are flattening near the zero axis, the red column momentum is weakening, but a golden cross has not yet formed. The RSI (4H) is hovering around 55%, not entering the overbought zone, indicating that the rebound lacks sustainability. In addition, the OBV energy flow indicator shows no significant inflow of funds, further verifying the fragility of the rebound. In the short term, we still tend to short on highs.
Bitcoin Strategy: Short around 108000-108500, target 106500
Ethereum Strategy: Short around 2550-2570, target 2500
