Morning Thoughts on April 8
In the 4-hour chart, the Bollinger Bands are in a downward convergence pattern. The continuous small green candles on the short-term chart have caused the price to break through the middle band, but the momentum is limited, and there are no reversal signals in the short term. In the hourly chart, the candlesticks are alternating between red and green and rising. Currently, the price is being suppressed by the upper band. Although it appears to be strongly bullish in the short term, there are many factors suggesting a potential false breakout. For the future, if the price does not break above 115000, we should look to short around this area.
Trading Recommendations
Short around 115000 for the major asset $BTC , targeting 113000
Short around 3550 for the minor asset $ETH , targeting 3450