In the cryptocurrency world, information changes rapidly, and decisions often need to be made in a very short amount of time. Once a judgment is wrong, many people choose to evade or deny the losses they face, trying to cover up their shortcomings. However, true wisdom lies in facing one's own mistakes; they understand that errors are stepping stones to growth. Only by confronting and analyzing mistakes can one learn from them and avoid repeating them. Last midnight, Bitcoin showed a strong rebound, with the price rebounding from the low point of 99547 all the way up, reaching a high of 106050 in the morning session. Ethereum also experienced a rise, with the price climbing from a low of 2190 to a high of 2382 in the morning. As the market continues to rise, Brother Sheng’s bearish view given at midnight was unfortunately exited after a small loss of 500 points.
From the current market analysis, the four-hour level shows that after a slight pullback, the market has once again presented three consecutive bullish candles, with the price climbing to the upper Bollinger Band. However, it is evident that the upper Bollinger Band is providing strong resistance, preventing the price from further breaking above. The bullish candle body has a long upper shadow, and the bullish momentum is gradually weakening alongside the resistance above. From the one-hour level, the market shows a strong unilateral upward trend, and the price has broken through the upper Bollinger Band, but the upward trend has slowed. The KDJ indicator's three lines have entered the overbought zone and show signs of turning downward, indicating that a correction is likely in the future. Therefore, in the morning operations, we will first look for a bearish move after the rebound.
Bitcoin can be shorted around 106000, targeting 103500.
Ethereum can be shorted around 2450, targeting 2350.
