#BTC #ETH Review of intra-day market conditions, Bitcoin has been rising since the early morning low of 108266, peaking at around 109700 during midday before facing resistance and retreating, currently oscillating near 108700; the Ethereum started from an early low of 2522, surged to an intra-day high of 2607 in the morning before pulling back, now consolidating around 2560. Regarding today’s market, Lao Hu has repeatedly suggested high short strategies, with Bitcoin accumulating over 1800 points, and Ethereum gaining over 40 points, with little else to elaborate on the remaining short-term trades.

From the hourly technical perspective, the Bollinger Bands are running almost parallel, with the middle band becoming the core of short-term long and short contention. Parallel bands usually indicate a decrease in market volatility and a temporary balance of long and short forces, while the Bollinger Bands gradually narrowing indicates a power accumulation phase before a market shift, suggesting a potential directional choice in the short term. In terms of the MACD indicator, the dual lines formed a death cross above the zero line, with the distance between them continuing to widen, and the fast line is increasingly deviating downwards from the slow line, while the green momentum bars are gradually elongating. A death cross above the zero line indicates a weakening of bullish momentum at high levels, with bears starting to dominate short-term trends, and downward momentum is gradually being released, suggesting that the short-term downward trend may continue. Based on the current market situation and technical signals, the evening trading strategy still suggests focusing on short positions during rebounds.

Trading Suggestions

Bitcoin: Short in the range of 192000—195000, aiming first for 108000

Ethereum: Short in the range of 2580—2600, aiming for around 2500