During the lunch trading session, the market showed a unique rhythm. Prices initially made a brief upward test, and the current short position given in the morning was also lost. Subsequently, there was a slight pullback, followed by a new round of consolidation.
From the perspective of technical analysis at the four-hour level, the cryptocurrency price has recently been in a downward consolidation channel and is currently near the middle band of the Bollinger Bands. With the Bollinger Bands continuously narrowing, it indicates that the market's volatility space is shrinking, and the forces of bulls and bears are fiercely contending in this area. Based on the current trend, it is highly likely that tonight's market will repeat the pattern of rising to a peak and then falling back.
Focusing on the one-hour K-line chart, the market characteristics are clearer. The overall trend shows a range-bound consolidation, with prices pulling back, and the K-line alternating between small bearish and bullish candles, remaining under pressure below the middle band of the Bollinger Bands. This market feature indicates that neither the bulls nor the bears have an absolute dominant position, and the market currently lacks clear breakthrough momentum. Therefore, the evening strategy remains primarily focused on high-position shorts!
Bitcoin: Short around 107800-107400, looking down to 105500-105000
Ethereum: Short around 2480-2460, looking down to 2370-2350
