According to the market data from yesterday morning, Bitcoin encountered resistance and fell back after strongly reaching a high of 113954. It then entered a pattern of oscillation and downward movement, with the price dropping to a low of 113215 by the morning session. Ethereum's trend remained in sync with Bitcoin, also under pressure after reaching a high of 4206 the night before, and hitting a low of 4131 in the early morning. Due to the midnight market failing to maintain a strong upward trend, prices continued to decline without clear trading signals, and Yang Jie did not make any layout arrangements.
According to the current market analysis, the four-hour level shows that after a four consecutive bullish candles, the market encountered resistance in its upward movement, and has since recorded two consecutive days of bearish candles, gradually approaching the middle track of the Bollinger Bands. There have been long upper shadows appearing consistently above the K-line body, indicating that the upper pressure remains significant. Additionally, the middle track of the Bollinger Bands continues to move downward, with the overall trend still leaning towards weakness. From the one-hour level perspective, after testing the upper track of the Bollinger Bands, the market encountered pressure and fell back, with prices gradually descending towards the middle track. The MACD indicator has formed a dead cross with the two lines, and the histogram has also entered below the 0 axis, further confirming the short-term downward momentum. In summary, the morning trading strategy suggests focusing on short positions.
Bitcoin morning layout of short positions around the range of 113500-114000, target focusing on 111500.
Ethereum morning layout of short positions around the range of 4150-4180, target focusing on 4050.
