$BTC This rhythm is very comfortable, the effectiveness of yesterday's strategy is still improving. From the structural trend analysis, I remind everyone to continue looking upward, and then at around 120000, I indicated that there is strong resistance above, so it’s better to take some profits first. Looking at it now, that was indeed the right decision. This is also a quality that a professional analyst should possess. Success is never achieved overnight; everyone starts as a novice, it’s just about whether one can survive in the crypto world for a long time.
The Bitcoin daily chart is once again contracting, the trend has been running along the upper band of the Bollinger Bands. Yesterday's daily line closed with a large bullish candle, and the overall structure is still under pressure. The four-hour chart is still showing that once it reaches a high point, it starts to encounter selling pressure and retracts. For now, it remains in a contracting state, so this evening, it would be wise to position for short entries from the highs.
Bitcoin short at 119500, focus on 117000#BTC☀️
Ethereum short at 3910, focus on 3830#ETH🔥🔥🔥🔥🔥🔥