As time steps into the afternoon, after touching the support below, a reverse rally gives a wave of bullishness. After taking profit on our positions, we turn around to chase more and continue to take profit. The current price of Bitcoin is fluctuating around 118,400, while Ether is near 3,565. Currently, there is a news vacuum, and overall it belongs to a range market. Therefore, pay close attention to Powell's upcoming speech. From the perspective of the market, looking at the four-hour structure of Bitcoin, after the K-line forms a flat bottom, it presents a bearish closing line at the upper range, with high positions under pressure and a tendency to continue to pull back. The Bollinger Bands are parallel, and the market is stable within the range. On the one-hour structure, after a relative rebound, the upward momentum seems insufficient, with the K-line exhibiting a shooting star pattern. The bearish trend is expected to continue downward. We can short Bitcoin near 118,300–118,600, targeting around 117,300. Ether can be bought near 3,760, targeting around 3,720. $BTC #以太坊突破3700
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