Analysis of Early Thoughts on March 8
Yesterday morning, Bitcoin began to rise to around 117,600, but the bearish momentum was weak. On the hourly chart, Bitcoin broke through the upper Bollinger Band and after recovering from a long upper shadow bullish candlestick, it pulled back slightly. Currently, there are signs of another downward trend, and the morning strategy remains unchanged with a focus on shorting high and buying low.
If it can break through 118,000 and stabilize, the upward trend may continue; otherwise, signs of a pullback will appear, and the strategy will still focus on shorting high.
Operational Suggestions
Bitcoin: Short at 117,500-118,000, target 115,000-116,000
Ethereum: Short at 3,920-3,950, target 3,700-3,800
