$BTC Thursday Morning Thoughts

The enormous profits brought by high leverage are as thrilling as a roller coaster ride. Seize the opportunity, open positions accurately, and overnight wealth is no longer a dream. Here, courage and wisdom collide, and the waves of wealth are under your control; an exciting journey of wealth is about to set sail! Last midnight, Bitcoin first dipped to a low of 110100 before stopping and rebounding, with the price warming up to a high of 111527 before being pressured again, nearing the morning session with a minimum of 110465. Ethereum similarly first dipped to a low of 3930 before stopping and rebounding, and after the price rebounded to a high of 4013, it faced pressure again, nearing the morning session with a minimum of 3927.

According to the current market conditions, the four-hour level shows that after experiencing two consecutive bearish days, the market is alternating between bullish and bearish, with prices consistently close to the lower Bollinger Band. The moving averages show a bearish arrangement. Although the price has rebounded, the strength is weak, and the overall structure remains in a weak state. From the one-hour level, after experiencing four consecutive bearish days, the market has stopped rebounding, and the price has warmed up, but the Bollinger Band is opening downwards, and the middle line continues to move down, indicating that the bearish volume has not stopped. Therefore, in the morning, we still expect further bearish probing after the rebound.

BTC: Can short around 111500, target at 109500

ETH: Can short around 4030, target at 3900