In the current market, the price comparison is still in the rebound correction phase. BTC is fluctuating and consolidating above the lower Bollinger band on the 4-hour chart, with all three Bollinger bands turning downward; ETH shows a similar pattern, but its downward trend on the 4-hour chart is more pronounced, exhibiting a 'two up, one down' feature. It is expected that after a period of fluctuating consolidation, the price comparison will continue to reach new lows, and there is still a demand for short-term rebound corrections. However, the volatility is large, and actual trading requires a high standard for entry points. Selling on highs remains the core strategy, and the afternoon outlook remains unchanged: first look for a rebound, then choose the right time to short.
Trading Suggestions:
- BTC can be shorted around 110800 in the afternoon, with a target reference near 108500;
- ETH can be shorted around 4470, with a target looking towards 4350.$BTC $ETH