Thursday Afternoon Analysis of Bitcoin and Ethereum Short Position
Bitcoin and Ethereum started a rebound recovery last night, surged high and then fell into a volatile phase, with both sides engaged in a fierce tug-of-war.
From the 4-hour chart, both exhibit a "shrinking volume, fluctuating consolidation" pattern; on the hourly level, it is at a standstill—Bitcoin is around 114800, and Ethereum is fluctuating narrowly around 3680, with the moving average system sticking together and leveling off, waiting for a directional breakthrough.
Trading Suggestions:
🌱 Go long on Bitcoin around 1138-1143, targeting around 1166
🌱 Go long on Ethereum around 3650-3670, targeting around 3810
