$BTC A true master isn't someone who never capsizes, but one who can maintain steady course amidst the storm. Stay calm, make rational judgments, and after the storm passes, you'll find a peaceful harbor.
In the afternoon, Bitcoin's price hit a low of around 3700, where short selling halted, and the price climbed to a high of 115,000. Later that evening, short selling rebounded strongly, pushing the price down to around 113,500 before stabilizing. Currently, the price is stabilizing around 113,800. Ethereum, which tracked Bitcoin, stabilized around 3600 and rose to 3690 before falling back to a low of 3600. It is currently stabilizing around 3620. In the afternoon, under real-time guidance from Teacher Dabao, Bitcoin (BTC) decisively entered a long position at 114206. Following the strong price rise, Bitcoin successfully took profit at 114951, capturing a substantial 700-point gain. Ethereum also entered a long position at 3624, similarly accurately timing the move and exiting the position steadily at 3686, securing a 62-point profit.
From the current market perspective, the 4-hour candlestick chart shows that after the DIF crossed above the DEA to form a golden cross, the green energy column has shortened but not expanded. This indicates that while bulls are attempting a rebound, the momentum is weak and the sustainability of the rebound is questionable. The price is trading below the short-term moving average, which formed a bearish pattern during the previous downtrend. While the price has fluctuated at a low level in an attempt to correct the trend, it lacks a clear sign of a large-volume breakout, and the overall trend remains weak. The 1-hour candlestick chart shows a clear intraday rise followed by a decline, intensifying the divergence between bulls and bears. The price is dominated by bears, supported by the lower Bollinger Bands and the continued bearish MACD signal. Our subsequent thinking will focus on short positions.
Bitcoin recommendation: short around 114,300, target 113,000
Ether recommendation: short around 3640, target 3580