$BTC Don't be led by temporary fluctuations; let it rise as it may, the breeze caresses the mountains; let it fall as it may, the bright moon shines on the great river. We must stabilize our mindset and not be swayed by emotions.
After stabilizing in the early hours of Tuesday, the coin price fluctuated upwards, reaching a high of 117,000. In the morning, bears began to exert pressure, causing the coin price to fall back to the 114,300 region for consolidation. In the evening, the coin price rose to 115,800 before falling back below 114,000, currently operating around 113,700. The trend of Ethereum moved in sync with Bitcoin, rising above 4,380 before falling back to a low of 4,169, and is now stabilizing around 4,200. During the day, the main guidance for students achieved a profit space of 3,800 points with two long and two short positions on Bitcoin, while Ethereum achieved a profit space of 398 points with three long and two short positions.
From a four-hour perspective, Bitcoin shows an overall downward trend, with the Bollinger Bands tilted downward. After breaking below the middle band, it continues to decline. The lower band provides support for the price but has not effectively prevented the decline. Combined with the MACD indicator, both lines are negative and have formed a death cross, indicating that the short-term bearish trend is dominant. From a one-hour perspective, the Bollinger Bands are diverging downward, and the coin price is moving along the lower band, also indicating clear characteristics of a short-term downward channel, with bearish strength dominating the market. The strategy for Wednesday can be centered around short positions.
Short Bitcoin around 114,000, target 113,000-112,500.
Short Ethereum around 4,200, target 4,100.
