On Friday afternoon, the Bitcoin market experienced a strong upward surge, with prices climbing to a peak of 106,486 before pausing. The Ethereum market moved in tandem with Bitcoin, with prices rising from a low of 2,503 around noon to a high of 2,569. In the afternoon, Sheng Ge placed a long position in Bitcoin as the market broke through the range, entering around 105,333 and exiting near 106,423, capturing a space of 1,000 points.
From the current market perspective, the one-hour level shows that after four consecutive bullish candles broke above the upper Bollinger Band, the bears began to exert pressure, causing prices to return below the upper Bollinger Band. The KDJ indicator's three lines have started to turn downwards at this level and are gradually converging, with a significant probability of forming a death cross pattern. The three lines of the RSI indicator are also moving downward simultaneously, so for evening operations, we will continue to maintain the strategy of high shorts after a rebound.
Short Bitcoin around 106,500 targeting 103,500.
Short Ethereum around 2,560 targeting 2450.