The mid-slope of $BTC is always the most crowded; you should go to the mountain top to see the broader scenery and fresher air. Effort can only lead to passing, but hard work can lead to excellence. In the limited time, give your all to pursue your ideals. Today, the Bitcoin price surged strongly, breaking through the 120,000 mark. The price of Bitcoin reached a maximum of 122,348 but halted under pressure. Currently, relative to the range value, it is close to the upper track, in a fluctuating and consolidating market. Ethereum retraced to a low of 4,184 early in the morning and began to rebound with a positive close. The daily high reached 4,349 but stopped under pressure. Currently, the overall market's daily chart shows weakened rebound momentum, and the second round of rebound we mentioned in the morning has all been lost!

The 4-hour chart shows a quick rise. Bitcoin has not shown signs of a pullback, while Ethereum slightly retraced and then surged again. The overall market is currently in a high-level oscillation and consolidation, unable to break through key resistance levels. The short-term situation is still not a one-sided trend, but a back-and-forth tug-of-war. Therefore, today we will not blindly chase longs while at a high level. Old Chen suggests that we should take a short position with a certain rebound and participate accordingly.

Bitcoin: Short at 122,800-122,500, target 120,800

Ethereum: Short near 4,320, target 4200#币安Alpha上新 #MichaelSaylor暗示增持BTC #特朗普加密新政