The market on Tuesday, $ETH , has also come to an end. Looking back at the intraday to overall market situation, Bitcoin started to rally and rose after last night's surge, but this morning it reached the resistance level around 106050 and faced slight pullback. During the day, it basically fluctuated around the 105000-106000 range. Although the Bitcoin price slightly rebounded in the evening and broke through the 106000 mark, the overall market did not continue to rise and once again fell below the 106000 level. The price of Ethereum pulled back in the afternoon to touch the 2374 level and then rebounded, showing a slow upward trend in the evening, gradually rising.

On Tuesday, we focused on the main short position as the primary strategy, achieving a total gain of 3561 points for Bitcoin and 161 points for Ethereum. A perfect end to Tuesday!

From the current 4-hour candlestick trend, the market has experienced a strong rebound. A solid bullish candlestick rose sharply from the middle band of the Bollinger Bands, quickly breaking through multiple moving average resistances, reaching close to the upper band. However, the good times did not last long, as the price near the upper band did not continue to rise. Instead, the bears tightened their grip, forming a candlestick with a significant long upper shadow, a shooting star pattern that stands out, indicating that the bulls faced heavy selling pressure during the upward move. From a technical perspective, this position is not only the resistance level of the Bollinger Bands' upper band but also a strong resistance area from the previous dense trading zone. The market has formed a fierce tug-of-war between bulls and bears here, and the appearance of a long upper shadow bearish candlestick suggests that the price may enter a consolidation phase in the short term, with a bearish outlook expected by midnight on Tuesday.

Bitcoin: Short around 106000 with a short-term target of 103500

Ethereum: Short around 2480 with a short-term target of 2380