On Thursday afternoon, Bitcoin failed to effectively hold after reaching a high of 113360, subsequently showing a stepwise decline, with the current price retreating to around 112863. Ethereum also weakened, rebounding from around 4592 to 4632 in the afternoon before similarly coming under pressure and falling back.

From a four-hour perspective, although the market briefly broke through the upper Bollinger Band, it failed to establish effective support, and upward pressure is gradually becoming evident. Despite the moving average system still being in a bullish arrangement, further upward momentum has shown signs of slowing down. On the one-hour level, a 'two bullish engulfing with one bearish' structure appeared, but the Bollinger Bands are gradually narrowing, indicating weakened short-term momentum and a demand for market correction.

In summary, it is not advisable to blindly chase long positions at the moment; one should pay attention to key resistance areas for signs of stagnation before entering short positions.

Operational suggestions:

· Bitcoin: Enter short positions in the 113000-113500 range, targeting around 110000, with a stop loss at 114200;

· Ethereum: Enter short positions in the 4620-4650 range, targeting around 4450, with a stop loss at 4680. #币安HODLer空投DOLO $SOL