After reaching a high, the Bitcoin price has entered a slow downward oscillation channel. From a technical perspective:

On the daily level, the candlestick combination presents a bullish engulfing pattern, indicating that the market still has the potential for downward movement; during the day, it is likely to operate in a high-level consolidation pattern. On the hourly level, a typical double top structure has formed, with the current price facing strong resistance near the neckline, and upward resistance is significant. In the short term, the price is still expected to continue the upward trend, especially after breaking through the support of MA(7) and MA(30), the golden cross pattern of the short-term moving averages further strengthens the expectation of an increase. However, the current price is close to the previous high of 110653.6, which may become a short-term resistance, and we need to observe the price performance in this area; therefore, in the later period, we still prefer to position ourselves for shorting at high levels for stability. Operational suggestion: Bitcoin can be shorted near 109500 to 109900, with a target around 107500; Ethereum can be shorted near 2590 to 2620, with a target around 2500. #美国加征关税 #特朗普马斯克分歧 #Strategy增持比特币