Right to the mouth! Do you still want to perfectly miss it? Reviewing the morning thought process of short positions, the current price perfectly coincides with our predicted point. After the midday rebound of Bitcoin to the 105500 line, it has retreated to the current point, indicating that the support level of 105500 was built very solidly yesterday. The upward trend is hindered, and the bearish trend will gradually warm up.
From the hourly perspective, the Bitcoin market hovers at the upper Bollinger band, retreating after probing the key level of 105500, showing that the bearish strength is increasing at this price, and the bulls are hindered. The balance of power between bulls and bears is changing, with market sentiment dominated by bears in the short term. On the four-hour level, the three lines of the Bollinger band are parallel, reflecting a lack of market momentum and clear trends, with limited price fluctuations. However, this state of accumulation is often a prelude to significant market movements. 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 lay out short positions for short-term trades, waiting for the big market explosion, and we must set good take-profit and stop-loss points during this phase.
Short near Bitcoin 105200, target 104000
Short near Ethereum 2550, target 2400
