$BTC $ETH In the cryptocurrency world, patience is not just a strategy, but a wisdom. It teaches us not to blindly follow trends during fervor, and not to easily give up during lows. Every sharp market fluctuation is a trial of patience, allowing us to learn to remain calm amidst the noise and seek opportunities in silence. On Tuesday evening, Bitcoin's market experienced a breakout from the consolidation range, with prices rising from a low of 104750 to a high of 105675 before facing pressure again. Currently, the market is in a pullback. Ethereum's evening market, after a slight retreat, touched a low of 2397 and then oscillated upwards, with prices reaching a high of 2454. During the day, Sheng Ge simultaneously set up short positions for Bitcoin and Ethereum in the morning, entering around 105469 and 2426 respectively, and advising to take profits around 104678 and 2394. The Bitcoin short position captured a space of 800 points, while Ethereum captured a space of 32 points. In the afternoon, Sheng Ge again set up short positions for Bitcoin and Ethereum, entering around 105724 and 2426 respectively, and advising to take profits around 104713 and 2385. The Bitcoin short position captured a space of 1000 points, and the Ethereum short position captured a space of 41 points. Although the three short setups for Bitcoin incurred a small loss of 500 points during the early morning hours, they still totaled a gain of 1300 points. The two short setups for Ethereum totaled a gain of 73 points.
Based on the current market conditions, looking at the four-hour level, the market continues to operate below the upper Bollinger Band. Although the candlestick pattern shows three consecutive bullish candles, the bullish bodies are relatively small. In the short term, the pressure at the upper Bollinger Band still exists, which has not given the bulls much space. Additionally, the KDJ indicator's three lines have all reached the overbought zone, with no signs of extending upwards. Therefore, since the bulls cannot provide a strong breakthrough, the probability of a downward movement after consolidation in the future market will increase. From the one-hour level, the market is running close to the middle Bollinger Band, with neither the bulls nor bears showing strong momentum. Although the KDJ and RSI indicators' three lines are extending upwards, the MACD indicator is in negative territory, and the fast and slow lines are steadily moving downwards, with no signals of a market reversal. Thus, for midnight operations, we will continue to maintain a high short strategy. #币安Alpha上新 #BTC☀
Bitcoin can be shorted near 105700-106000, targeting 104000-103500
Ethereum can be shorted near 2480, targeting 2350