$BTC In the cryptocurrency world, the battlefield is fierce; the brave cut through thorns, and the wise strategize to create glorious achievements!
Based on the current market situation, the four-hour level shows that after experiencing a large bearish dip, a doji candlestick has formed. The current price has rebounded, but it is clear that the bullish desire for rebound is not strong. The price has not moved out of a large range, and all indicators show a bearish pattern. Therefore, the current rebound can be seen as a normal corrective action; the overall trend remains centered around bearishness. From the one-hour level, the market shows a pattern of two bullish candles engulfing one bearish candle, indicating an upward rebound. However, the current bullish candle's body is relatively small, and the Bollinger Bands are still opening downwards, with the price remaining within a downward channel. Although the market is in a rebound recovery phase, it does not change the overall trend. Therefore, during our midday and afternoon operations, we should first pay attention to the strength of the rebound and look for opportunities to short at high levels.
You can short Bitcoin near 114500, targeting 112500.
You can short Ethereum near 3600, targeting 3450.