The trends of Ethereum and Bitcoin are converging, with Bitcoin's daily chart once again forming a two-day doji for consolidation. Stimulated by news, the price has retraced to the lower Bollinger Band and has stopped falling, currently oscillating upward in a small bullish pattern.
From the four-hour structure, the price has gained strong support at the lower band, and the bulls have initiated a counterattack, continuing to rise to the middle-upper band area. However, after breaking through the middle band, the momentum appears slightly insufficient, with the overall structure still dominated by weakness.
Therefore, the intraday operational suggestion is to focus on shorting during rebounds.
Operational Suggestions:
Bitcoin: Short at 118500-119000, target around 117000,
