$BTC Even if you have fallen before, please dust yourself off and continue to run forward. Every stumbling block on the journey of life is a stepping stone; do not pause, each step is a breakthrough, and every inch of perseverance is reshaping the path. The present is the starting point. This morning saw a gentle rebound, with Bitcoin oscillating upwards from a low of 107200, reaching a peak of 108229 USD before facing pressure and retreating again; Ethereum's price rose from a support level of 2473, reaching a high of 2519 at the resistance level.
From the current technical analysis at the daily level, the market, under the sustained push of previous bullish momentum, once strongly rebounded to near the upper Bollinger Band, but was halted by the upper resistance level. The market has now entered a technical correction phase; yesterday's candlestick formed a significant long lower shadow with a solid bearish body, indicating that bearish forces are gradually being released. From the perspective of technical indicators, the MACD fast and slow lines are showing a converging trend above the zero axis, and the red momentum bars continue to shorten; the RSI indicator has fallen from the overbought area to around the 50 midpoint, signaling a phase of market adjustment. Combining this with the Bollinger Band indicator analysis, the current price is moving towards the middle track of the daily line, and we continue to maintain a bearish outlook.
Bitcoin: Short sell near 108000-108500 with a short-term target of 106000
Ethereum: Short sell near 2520 with a short-term target of 2430