$BTC When you feel like you can't hold on any longer, it is precisely the darkest moment before dawn. Just hold on a bit longer, the light of dawn may be just a second away.
In the early morning, the Bitcoin price has bounced back from a low of 109450, reaching a high of around 112300 before retreating, currently stabilizing around 111800. Meanwhile, Ethereum's price is also showing a slow upward trend, with the current price close to 4600.
From the 4-hour chart, Bitcoin's price has recently experienced a certain decline followed by a rebound, but is still constrained by the middle band of the Bollinger Bands. Although the current price has rebounded, the MACD indicator shows that the market is still in a bearish atmosphere. From the 1-hour chart, Bitcoin's price has shown a relatively obvious upward trend recently, and after breaking through the middle band of the Bollinger Bands, the bullish momentum has been further released. The MACD indicator shows that bullish strength is gradually increasing, and the opening of the Bollinger Bands is currently showing a narrowing trend, which means that market volatility is gradually decreasing. Our morning strategy can revolve around high shorts.
Bitcoin Strategy: Short near 112300, target 111000, stop loss 113000
Ethereum Strategy: Short near 4630, target 4440, stop loss 4660
