Here, time is leverage, and perception determines returns. Missing once may mean missing an era. Now is the moment for action. Are you ready? Last midnight, Bitcoin prices rebounded after falling to a low of around 115929, reaching a high of around 116938 in the morning before facing resistance, and currently forming a downward trend again. Ethereum's prices followed Bitcoin's trend, rebounding after touching a low of around 4316 last midnight, until the early morning when the price rebounded to a high of around 4388 before facing pressure again. Early this morning, Sheng Ge also provided short-term benefits for short positions in the live stream, and friends in the live stream followed Sheng Ge's ideas and gained a good profit margin.
From the current market perspective, the four-hour level shows that after experiencing two consecutive bullish rebounds, the market is under pressure at the middle track of the Bollinger Bands. The continuation of the bullish rebound has been interrupted, and the middle track of the Bollinger Bands has clearly become an important resistance zone for the bullish rebound. As long as this position is not broken, it will be difficult for the trend to form a substantial reversal. From the one-hour level, after experiencing a round of rebound, the market shows a two consecutive bearish pullback trend. The KDJ indicator has formed a high-level death cross, and the RSI indicator also shows a downward turn. Therefore, after a short-term rebound correction, the bearish phase is welcomed again, so we still maintain a high short strategy for morning operations.
Bitcoin can be shorted around 116500-117000, targeting 115000.
Ethereum can be shorted around 4350, targeting 4250.