$BTC Don't let short-term emotions disrupt your strategy; true legends are not born in calm waters—they always manage to take root amidst the ups and downs, accumulating strength through fluctuations. Bitcoin faced pressure after reaching a high of 114,963 in the morning, dropping to a low of 114,089 by noon. Ethereum followed suit, declining from a high of 3,576 to a low of 3,520. Although it did not plunge as expected, there is still room for profit. A short position in Bitcoin was initiated at 114,892 in the morning and exited at 114,121, successfully capturing 771 points. A short position in Ethereum was initiated at 3,569 and exited at 3,524, securing a steady 45 points.
The four-hour chart shows that after three consecutive bearish candles, although bulls have rebounded, the price remains under pressure, operating near the lower Bollinger Band. Both sides lack continuation, compounded by limited volatility, leading the market into an adjustment phase where time is exchanged for space. However, the one-hour chart presents a very strong unilateral downward trend, with the price having forcefully broken below the lower Bollinger Band. Overall, blindly bottom-fishing in the afternoon is not a wise choice; operations should follow the trend, prioritizing the current bearish momentum.
Bitcoin can be shorted around 114,800-115,300 with a target of 112,500. Ethereum can be shorted around 3,580-3,600 with a target of 3,450.