From the current market situation, the short-term upward trend in the early morning is still continuing. On the 4-hour chart, the price has successfully broken through the middle band of the Bollinger Bands and stabilized. Although the overall trend of the Bollinger Bands is downward, the technical signals are giving a buying signal. On the hourly chart, both BTC and ETH prices are operating close to the upper band of the Bollinger Bands, especially with BTC's candlestick chart showing a continuous 10 consecutive upward days, indicating a very strong upward pattern. At the same time, the opening of the upper band of the Bollinger Bands matches our analysis. The current rhythm is clearly a wave-like retracement, using the middle band as resistance. This has been clearly explained in the previous analysis, and it remains the same at midnight: if it doesn't break, it will drop. This is the current main tone, and the closing of the upper band is clearly downward, with lower highs and the end of bullish release, so the main position at midnight is to short.
Trading Suggestions
Large Coin: Short near 112600 Target: 111000
Second Coin: Short near 4650 Target: 4450
