$BTC $ETH The journey in the cryptocurrency world has never been smooth, but fluctuations are the beginning of opportunities. A pullback is not the end but a running start for a leap. True strength is honed through turbulence, and during lows, one should anchor their direction. Don’t be blinded by short-term waves; the long river of trends will ultimately surge forward. Every bit of faith held firmly at this moment will become the most dazzling medal in the next wave! The early morning market has concluded, and after Bitcoin retreated to 107200 in the evening, it entered a narrow fluctuation mode. This threshold has clearly become a critical watershed for the tug-of-war between bulls and bears. The early morning market had little fluctuation, bottoming out at 107456 before rebounding, currently oscillating around 108200; Ethereum's movement is similar to Bitcoin's, currently also oscillating in this range, with neither market able to achieve further continuation.
From the 4-hour K-line perspective, after effectively breaking through the middle Bollinger Band support, the bearish momentum in the market has not been released as expected. The Bollinger channel has clearly narrowed, and the distance between the upper and lower bands is gradually decreasing. In terms of technical indicators, the RSI indicator is fluctuating repeatedly in the 40-50 range, neither entering the oversold area nor showing strong upward momentum. During the price decline, the trading volume is shrinking in a stepwise manner, indicating that the market's selling pressure is gradually being digested. Currently, the price is building a fluctuating platform between the middle and lower Bollinger Bands, and this morning still looks bearish for further downward pressure, suggesting to short at highs.
Bitcoin can be shorted around 108300-108500, with a short-term target of 106800; Ethereum: can be shorted around 2560, with a short-term target of 2480#BTC #ETH