A moment in the market is refreshing, but continuous emptiness is always refreshing. The recent market trend has become quite clear. When the bearish trend was constantly testing lower levels, it was suggested that everyone could start laying out short positions. Over the weekend, the Bitcoin market dipped to a low of 111850 in the morning before rebounding, reaching around 117400 around noon and maintaining fluctuations, then slightly surged to a high of 114200 in the evening before falling back. Ethereum's market moved in sync, with prices oscillating upwards from the morning low of 3354, stopping after reaching a high of 3516 in the evening. The Bitcoin and Ethereum short positions laid out in the morning were exited at breakeven during the rebound phase around noon.
From a one-hour perspective, the market shows a stair-step upward trend, continuously approaching the upper Bollinger Band. However, the bullish trend is not very strong and has not provided a large range. After continuous declines, the market needs a certain rebound correction to accumulate momentum for a second downward test. Therefore, in the midnight operations, we can first focus on the strength of the rebound and proceed with a high short strategy. Overall, it is still in a low position consolidation mode, and the coin price has also come to a nearby starting point from yesterday's decline. In the afternoon, we will continue to lay out high shorts.
Bitcoin can be shorted near 114500-114800, with a target of 112500. Ethereum can be shorted near 3500-3530, with a target of 3400.