Right at the mouth! Do you still want to perfectly miss it? Reviewing the morning strategy for short positions, the current level perfectly aligns with our predicted point. After the major rebound to around 105500, it has retraced to the current level, indicating that the support point of 105500 was established quite solidly yesterday, and the bearish trend is facing resistance, while the bearish trend will gradually warm up.
From the hourly perspective, the major market is hovering around the upper Bollinger Band, and after probing the key level of 105500, it has retraced, showing that the bearish strength is increasing at this price level, while the bullish momentum is hindered, and the balance of forces between bulls and bears is changing, with short-term market sentiment dominated by bears. On the four-hour level, the three lines of the Bollinger Band are parallel, reflecting a lack of market momentum and a clear trend, with limited price fluctuations. However, this state of accumulation is often a prelude to a major market movement. Once the market accumulates enough energy to break through, regardless of the direction, it will trigger significant market activity and greatly enhance market liveliness. In the afternoon strategy, we will arrange short positions for short-term trades, waiting for the outbreak of a major market movement. During this stage, it is essential to set proper take profit and stop loss levels.
Short near 105200 for major market Target 104000
Short near 2550 for Ethereum Target 2400
