Stay calm during market panic, and remain vigilant when others are greedy. In this cryptocurrency space filled with temptations and risks, rationality and patience are your strongest support.
Looking back at the market early this morning, Bitcoin reached a high of 118200 before falling back to stabilize at 117200. Then the bulls began to exert force, and the price rose to around 117700, where it is currently stable. Ethereum mirrored Bitcoin, peaking at 4564 before quickly dropping to 4425, then rebounding to around 4532, and is currently stable around 4500.
From the current market situation, the four-hour level shows that the price is running below the middle band of the Bollinger Bands, and the three bands are showing signs of flattening, indicating that the bears are still relatively strong, and the market's volatility is relatively stable. The MACD is positive, and the dif is above the dea, which is a short-term bullish signal. The one-hour level shows a bearish short-term technical outlook, with prices being suppressed by the middle band of the Bollinger Bands, and the MACD death cross continues. The morning strategy can still focus on short positions.
Sell Bitcoin near 118000-118500, target 117000
Sell Ethereum at 4500, target 4430 #BitDigital转型