In the crypto world, there are no perpetual lows, nor are there eternal highs. Don't pay too much attention to short-term gains and losses. Continuous learning and improving understanding is what gives you the confidence to navigate through bull and bear markets.
Bitcoin reached a peak of 114,900 in the early morning but showed insufficient bullish momentum, quickly dropping down to a low of around 110,400 before consolidating. Currently, the price is stable at 113,520, and the bearish outlook given by the teacher yesterday has been validated again. Ethereum peaked above 4,950 but faced resistance and fell back, reaching a low of around 4,710 before stabilizing at 4,800.
From the current market situation, the price dropped below the middle track and is moving towards the lower track, with a short-term trend leaning downwards. The channel shows signs of widening, indicating that volatility may increase. The DIF line is below the DEA line, and the MACD histogram is green, indicating that the bearish forces currently dominate the market. On the hourly scale, Bitcoin is dominated by bears but has seen a rebound due to overselling; however, there are insufficient signals for a trend reversal. Our morning strategy can focus on short positions.
Bitcoin: Short around 114,000, target 112,500
Ethereum: Short around 4,820, target 4,730
