Good morning, the cryptocurrency price has gone through three days of consolidation, gradually moving out of the fluctuation trend. In the early morning, the price fell back to around 107400 for consolidation and correction before breaking through 108 again. Currently, the price is consolidating at a high level around 108100. The price continues to rise, and at this stage, the roles of bulls and bears have reversed again.
The four-hour K-line bullish trend has been pulled back, and after breaking 1085, the K-line retraced to the EMA15 trend support point at 1074. The current market belongs to a bullish trend; the short-term retracement has not broken support, and the bulls are still present. The MACD is continuously shrinking, but the DIF and DEA are still expanding above the zero axis. If a golden cross forms, it may lead to further stretching if the previous high is broken; conversely, there is still a possibility of a quick large pullback after a rise.
Short positions can be taken around 108500, focusing on 107000; for the second coin, short positions can be taken around 2540, focusing on around 2450.
