$BTC The cryptocurrency market's K-line chart fluctuates, much like the highs and lows of life. Don't be discouraged by a temporary plunge, nor be carried away by a brief surge. Every price fluctuation is a test of your mindset; weathering it brings you one step closer to success.

In the early morning, the price dipped to around 112,000, but the rally didn't sustain much. Bulls then surged, pushing the price above 112,800 before retreating. Currently, the price is stabilizing around 112,500. Ethereum, like Bitcoin, peaked at 4274 before falling back to 4204 and stabilizing around 4230.

From the four-hour K-line chart, Bitcoin initially exhibited a slow downward trend with consecutive declines, with bears dominating the market. However, the recent K-line chart has seen a shift from negative to positive. While the rebound has been slow, it signals a bullish counterattack. The current price is above the lower band, indicating a relatively weak short-term trend. The significantly negative MACD indicates continued downward momentum and the market may remain under pressure in the short term. The one-hour chart shows a significant decline in the price. Since the previous high, the candlestick chart has been dominated by bearish candlesticks. While there have been some small bullish candlesticks throughout the decline, they have not been able to effectively halt the downward trend. Our morning strategy should focus on the upper range.

Short Bitcoin near 113,000, targeting 111,500.

Short Ethereum near 4250, targeting 4180#杰克逊霍尔会议