🔥 Morning Market Analysis and Trading Suggestions:
From last night to this morning, #大饼 the market first rose and then fell. The market started to rebound from 122060 points, reaching a high of 124170 points, but the upward momentum was insufficient, and it immediately entered a downward mode, approaching the morning session and dipping to a low of 123243 points.
#以太 Bitcoin's performance was synchronized throughout, gradually climbing from a low of 4436 points to a high of 4556 points, but subsequently continued to fall under market pressure, with further dips in the morning to 4520 points.
From the 4-hour chart, after Bitcoin's price broke below the middle band of the Bollinger Bands with a large bearish candle, it entered a phase of horizontal consolidation with small bearish and bullish candles. Several rebounds during this period left significant upper shadows, indicating that the middle band of the Bollinger Bands has become an effective resistance area for the current market. If the price cannot strongly break through and stay above the middle band, after the current horizontal consolidation ends, the market is likely to continue its previous downward trend.
Switching to the 1-hour level, although Bitcoin's price had a series of bullish candles and touched the upper band of the Bollinger Bands, it failed to achieve an effective breakout and remains in a range-bound state. Recent rebound movements are more inclined towards technical repairs and have not damaged the existing downward structure; the bearish pattern remains intact, and the strength of the rebounds is gradually weakening.
In summary, today's morning operations should focus on observing the rebound momentum. It is recommended to wait for the price to rebound near key resistance levels and then strategically establish short positions:
$BTC can set short positions in the range of 123200 - 123700, targeting around 121000;
$ETH can set short positions in the range of 4540 - 4570, targeting around 4400.
