Today's market is also moving relatively slowly. The Kongsan we arranged in the early morning has been held until noon, gaining over 1400 points before exiting. Not bad. Currently, the price comparison is still maintaining a range-bound oscillation state, with Bitcoin running around 114700 and Ethereum around 3700.

On the four-hour level, after experiencing three consecutive bullish candles, the market has encountered key resistance and is now forming a two consecutive bearish candle retracement pattern. In terms of technical indicators, the KDJ and RSI three lines are simultaneously turning downward from high positions, while the MACD dual lines continue to run below the zero axis, forming a "top divergence" technical pattern, indicating a depletion of bullish momentum and a gradual downward shift of the trend's center of gravity. Further observing the one-hour cycle, the price shows a staircase-like downward trend, with the KDJ indicator confirming a death cross formation, and the MACD histogram continuously converging above the zero axis, indicating that bearish momentum is being released in an orderly manner. The current market is in a clear adjustment phase after breaking through the pressure zone, so we patiently wait for the market to unfold. In the afternoon operations, we will still adopt a high-short strategy. #比特币流动性危机 #BTC

In the afternoon, Bitcoin can be shorted around 115500-116000, targeting 113500.

In the afternoon, Ethereum can be shorted around 3720, targeting 3600.

Please remember to set stop-losses.