Looking back at the market conditions during the day, Bitcoin experienced a secondary surge to the resistance level around 109700 and has since retreated. Currently, it has re-tested the fluctuation range near 109000. Those who positioned short in the morning can still hold, while friends who entered at high positions should continue to hold if they have a strategy; conservative traders should take half profits first, as the age-old principle of securing profits at any time remains unchanged.
From the four-hour chart, the resistance at the 109700 level is quite obvious. The market has touched this level, leading to an increase in bearish momentum. Currently, it has opened with a bearish candle, constrained by the upper band, and is moving lower. Although it has not further retested and broken below the middle band, given the current price action, it seems difficult for bulls to push above 110000. In the short term, I am more optimistic about the Asian session continuing within the range, while the US session may further drive the breakout alongside the performance of US stocks. In terms of future operations, a rebound can still be anticipated for a re-test.
You may short near 109500 and look for 108000. You may short near 2600 for Ethereum and look for 2550-2520.
Strong recovery, asset doubling! Stay updated, position in advance, and easily reap substantial profits.
Continue to follow: BR H
