“Rome wasn't built in a day, and wealth is not achieved overnight.” In the cryptocurrency space, no one can easily become rich overnight. True success often belongs to those who can endure solitude and hold onto their beliefs. They understand that the accumulation of wealth takes time, patience, and requires a combination of wisdom and courage. On Thursday afternoon, Bitcoin's price continued to fluctuate within a range, rebounding slightly from a low of 104364 to a high of 105184 before facing pressure again. The market is entering a pullback phase, while Ethereum's price continues to oscillate between the high of 2546 and the low of 2506.
From the current market view, the four-hour level shows that after a two consecutive bullish candlesticks rebound, the price has once again stopped and retraced, remaining between the middle and lower middle bands of the Bollinger Bands. Neither bulls nor bears have shown strong continuity, and the market has clearly entered a phase of time for space adjustment. From the one-hour level, the market shows a three consecutive bearish candlesticks trend, retracing to the middle band of the Bollinger Bands. The KDJ indicator has formed a death cross pattern and is diverging downwards, while the RSI indicator also shows a downward turn. In the short term, bearish momentum is strong, but considering the current narrow volatility, we should maintain a high short and low long strategy in our afternoon operations until a substantial breakout occurs.
Short Bitcoin near 105300, targeting 103000.
Short Ethereum near 2550, targeting 2450#BTC☀ .