$BTC $ETH Today's market has once again completed its cycle, let's briefly review: In the morning session, the bulls increased their volume, and Bitcoin rebounded to a high of 109667 but failed to maintain that level, subsequently showing a volatile decline, touching the support level of 107750 before stabilizing. Ethereum's movement mirrored this, with a morning spike to the pressure level of 2589 followed by a pullback, reaching a key support of 2505. The market has been oscillating within a range, not breaking out into a strong one-sided trend. Based on the market conditions, we have formulated a strategy for both long and short positions, capturing over three thousand points in Bitcoin and over a hundred points in Ethereum during the day. Warriors of the crypto world, fluctuations are the norm, and volatility hides opportunities! Every pullback is a buildup of strength, and every round of oscillation is a selection process. Don't let short-term fluctuations disrupt your strategy; stay firm in your beliefs, see the trends clearly, and seize the moment. Accumulate during the lows and take off during the highs; the blockchain wave never stops, and true strong players always lay their groundwork against the trend and navigate through the waves!
From the 4-hour candlestick chart, the market encountered significant resistance after touching the upper Bollinger band, followed by four consecutive bearish candles. Currently, the price has effectively broken below the middle Bollinger band support. In the MACD indicator, the fast and slow lines formed a death cross above the zero axis and are continuing to diverge downwards, with the bearish momentum bars gradually expanding, indicating that bearish strength is continuously increasing. During the decline, trading volume has moderately increased, and market selling pressure is gradually being released. It has now broken below the support level of 107800, rebounding again after reaching 109456, which indicates that the bearish trend is currently dominant. The price is oscillating around the bottom, and under the weak structure, there are signs of further breakdown. The operations in the early morning still continue with a rebound high short strategy.
Bitcoin can be shorted in the range of 108000-108500, with the target looking towards the key support of 107300-106500; Ethereum can be shorted in the range of 2540-2560, with the target looking towards around 2470. #BTC #ETH