The intraday market has completed again, and today's cryptocurrency price has not fluctuated much, overall hovering around 107 with narrow fluctuations downward. During this period, there have been several small upward probes followed by pullbacks. I provided strategies in advance during the day, and the waves of upward movement and pullback were precisely captured. In the early morning, the short position laid out at 107590 was strongly taken down again at 106521, capturing a space of 1069 points. Friends who have not been performing well recently might consider following Zhiyu's approach.
From a technical perspective, the daily line shows a small bearish cross, and although the price trend has started to decline, the current market indicates that the bearish advantage is not significant. The trend of slow oscillation is expected to continue. There are alternating small bearish and bullish candles, and the price has dipped below the middle band of the Bollinger Bands but has not rebounded above, indicating that the pressure above is slightly stronger than the support below. The overall price movement is relatively slow, and the market is expected to continue a slow downward trend.
Bitcoin should be shorted in the range of 107000-107500, with attention on the area around 106000. Ethereum should be shorted in the range of 2430-2450, with attention on the area around 2350.
