Bitcoin performed actively during the morning session, exhibiting an overall volatile upward trend. Starting from around 112,580, bullish momentum gradually strengthened, pushing the price all the way to 115,488. Despite some pullbacks, the bullish trend of heavy volume remained intact, demonstrating strong upward momentum. Following the opening of the US stock market in the evening, the price saw a surge before retreating and currently fluctuating around 115,200. Technical indicators show a bullish trend in the short-term moving averages, indicating a short-term bullish advantage. The Relative Strength Index (RSI) is above 50, indicating strong bullish momentum and potential for further gains. However, it is important to note that as prices continue to rise, profit-taking selling pressure may gradually increase. Our market outlook for today is relatively accurate, but Trump's remarks this morning may bring new uncertainties to the market. We will first observe whether the price can break through the resistance level of 116,000-116,500. If it fails to do so, short positions may be entered.
Ethereum also performed well, successfully breaking through the key resistance level of 3650 and currently trading around 3670. This breakout opens up further upside potential. Technical indicators show that the moving averages are also showing a bullish trend. As we've already said, Ether is currently trending stronger than Bitcoin and remains the leader. Focus on resistance at the 3700 mark; a successful breakout could open up further upside potential. Focus on support at 3650; as long as the price remains above this level, the upward trend remains strong.
Bitcoin can be shorted around 116000-116500 in the early morning, with an eye on 113500.
Ether can be shorted around 3700-3720 in the early morning, with an eye on 3580.
Remember to strictly set take-profit and stop-loss orders! #ETH巨鲸增持 #BTC