When the market is sluggish and people are anxious, it's a good idea to calm down and reflect on your original intention. What brought you into the crypto world? Was it a vision for the future or a yearning for a free economy? This original intention is like the brightest star in the night sky, guiding us through the fog to find direction. Remember, no matter how the market changes, holding on to your inner belief will eventually lead to dawn. On Friday afternoon, Bitcoin's market experienced a slight dip, with the price falling from the morning high of 104,869 to touch a low of 104,185 before rebounding. Ethereum's market mirrored Bitcoin, with the price dropping from the morning high of 2,532 to touch a low of 2,503 before rebounding.
According to the current market conditions, the four-hour level shows that the market is close to the middle line of the Bollinger Bands, operating in an alternating manner. The K-line entities are relatively small, and the MACD indicator's two lines are gradually consolidating below the 0 axis, indicating that the current market is in a tug-of-war between bulls and bears. From the one-hour level, the market is rebounding after a three consecutive bearish dip, showing two consecutive bullish rebounds, but the middle line of the Bollinger Bands still maintains a downward trend. Additionally, considering the overall market movement previously, this rebound will also not break the oscillating range. Therefore, in the afternoon operations, we will continue to maintain a high short strategy after the rebound.
Bitcoin can be shorted around 105,000-105,300, with a target of 103,000.
Ethereum can be shorted around 2,550, with a target of 245,082,000,411,822.