Yesterday at the close, the cryptocurrency price rose again, with the exchange rate reaching 107709, then quickly falling back to 106446. It continued to consolidate and correct around the 107100 area. The strategy we provided last night successfully captured a space of 1031 points again. The crypto world is not a greenhouse; there is no eternal sunshine nor unchanging rain, but one thing is certain: constantly challenging oneself, adjusting one's mindset, and scientifically managing positions are essential to stand firm in the torrent of the market.
From the daily chart perspective, the cryptocurrency price closed with a small bullish doji. Although the price was testing downward previously, there is strong support below. After a rise and fall, the trend shifted back from bearish to bullish, with both bulls and bears entering a stalemate again. On the hourly chart, the Bollinger Bands are continuously narrowing, especially with serious pressure on the upper band. Therefore, although there is a trend from bearish to bullish, the bullish space is currently limited, and the current candlestick is also hindered above the middle band, not stabilizing at the middle band. Thus, in the short term, the market will continue to maintain a fluctuating trend.
The first coin shorted around 107500, with attention on the 106000 area; the second coin shorted around 2450, with attention on the 2360 area.
