When the price of $BTC rises, I'm afraid of missing out; when it falls, I'm afraid of being trapped. When holding positions, I'm anxious; when not holding, I'm worried about loss and gain. Is the cryptocurrency world for self-improvement or for trials? This morning, the overall trend of the cryptocurrency price showed an initial rise followed by a decline. After stabilizing around the lowest point of 114000, it rose to a high of 115000. Later, the price encountered resistance at the high and began to fluctuate downwards. Currently, the price is stable at 114600. Ethereum mirrored Bitcoin’s trend, reaching a low of 3490 and a high of 3575. It is currently stable at 3550. This morning, Teacher Da Bao guided students to decisively place long positions on Bitcoin at 114804 and took profits at 114854, easily capturing a space of 770 points; Ethereum also accurately bottomed out at the intraday low of 3490, following the rebound rhythm to secure profits at 3568, with 78 points safely in pocket.
From the current market situation, the 4-hour level shows that the price is currently between the middle and upper bands of the Bollinger Bands, indicating that the bullish momentum in the market is still relatively strong, and there is a certain upward space for the price. At the same time, the opening of the Bollinger Bands is gradually narrowing, indicating that short-term volatility is decreasing and the market is about to enter a consolidation state. On the hourly level, the price is between the middle and upper bands of the Bollinger Bands, with bullish forces still holding a certain advantage, and there is momentum for the price to continue testing the upper band pressure in the short term. This afternoon's strategy should revolve around high short positions.
Bitcoin suggestion: short around 115000, target 114000
Ethereum suggestion: short around 3570, target 3520