Ethereum made a false move this morning, rising to 2520 to scare off the bears. Currently, the hourly chart has begun to show signs of a reversal. The price dropped to the 2440 level. This morning, I advised everyone to short at 2480 and 2520, with an average price of about 2500. We currently have a profit of 60 points. I hope I haven't let down all the likes!

6.26BTC/ETH Market View:

Bitcoin has experienced three consecutive positive daily candles. Yesterday's pullback did not break the support of the middle track on the daily chart. The market has been fluctuating, frequently testing both upward and downward, making short-term operations quite difficult to manage. The market structure is not stable; as soon as you think about the structure, profits are given back, leading to being trapped. The resistance above is also quite obvious, with a double top at the 108800 level on the 4-hour chart, and the upper track resistance on the daily chart at 110000. The price is currently testing the upper track resistance on the 12-hour chart. Meanwhile, the MACD on the 4-hour chart has been consistently decreasing, so at these high levels, it’s not wise to be overly bullish or chase prices. It’s not a fear of heights; rather, as we approach previous highs, we must be more cautious about going long. If the highs cannot be breached, the pullback will be quite sharp, making it easy to get trapped.

For Bitcoin, the focus should be on short positions for pullbacks first. The resistance above is at 108000, 109000, and 110000. Look to short in that area, with targets down at 107000, 106000, and 105000. Only breaking below 105000 will open up for shorts, leading down to 103000 and 101500 levels.

Ethereum is really restless; it dropped from 2480 to around 2388 yesterday, and now it's back up to around 2470, fluctuating back and forth. The resistance above is at 2480, 2520, and 2560, so consider shorting around these levels, with targets down at 2400, 2360, and 2310. Breaking below 2310 will accelerate the downward movement to 2230 and 2190.

The market is quite volatile and fast, so be strict with your position management. Do not chase prices or panic sell; otherwise, it may feel like you are being targeted and constantly washed out. The above views are purely personal and may not be correct, so please refer to them cautiously and ensure you have your own independent judgment! #香港加密概念股