$BTC Don't be swayed by short-term price fluctuations. Keep a long-term perspective and trust that time will bring you substantial returns. If you are a speculator, you must learn to control risks, set stop-loss points, and not let greed blind your eyes.
The midday trend of Bitcoin is basically in line with expectations, after a drop in the morning, it tested upward, reaching a low near 113300. Subsequently, the bulls exerted their strength, and the price steadily rose by about 1000 points, reaching a maximum of around 114300 before entering a range of fluctuations. It is currently stabilizing around 114000. Ethereum's movement is in sync with Bitcoin, rising from a low near 3570 to 3660, then retreating and stabilizing around 3628. At noon, Teacher Dabao guided students to go long at 113349 and 3571, successfully taking profits at 114291 and 3654. This operation earned a profit of 940 points for Bitcoin and 83 points for Ethereum.
Returning to the current market situation, from a four-hour perspective, the current price is between the middle and lower bands, indicating that the market is in a weak area in the short term. The MACD indicator is below the zero line, indicating that bearish forces are temporarily dominant in the market. However, the MACD value is positive, showing that bearish forces are weakening. Attention needs to be paid to whether a golden cross can form in the future. The one-hour level shows an overall weak oscillating pattern; the price is currently near the middle band, with a clear resistance at the upper band and support at the lower band. The overall channel is tilted downward, reflecting a short-term bearish dominant trend. In the afternoon, we can still focus on bearish strategies.
For Bitcoin, it is recommended to short near 114200, targeting 113300.
For Ethereum, it is recommended to short near 3630, targeting 3580.