Overall, today's coin prices are still showing an upward trend. This morning also saw a strong stretch, peaking at the high level of 68300. After reaching the high, it did not continue but instead experienced fluctuations and pullbacks. In the evening, the bulls made another push. The highest reached was 68820. Since this morning, we have been suggesting an intraday offensive for the bulls. Currently, Bitcoin has taken 1700 space and Ethereum has taken 80 points of space. The market has indeed welcomed a pullback, and we also timely advised everyone to enter short positions in the evening.

Looking at BTC from the 4-hour chart: Bitcoin has formed a top with a sharp upward spike. In the short term, to break the structure, it must quickly form an effective trend with solid candlesticks. If no signals appear, it is likely to maintain fluctuations. The 4-hour chart is showing a triangular flag structure, so it is better to short near the highest point of the flag shape. To break through the flag range, attention should be paid to the position of 69300. Once it breaks upwards with force, it will strongly indicate bullishness; if it does not break, then it is bearish. Looking at the accompanying indicators, the OBV is rarely seen crossing below the yellow line strongly indicating bearishness, and the KDJ crossing downwards also indicates bearishness. All other indicators are also pointing downwards, so it is strongly bearish. If going short, then aim for the lowest point of the triangular flag at 67300, which is also the best position to go long.

Midnight Suggestions

Short Bitcoin near 68800, target 67500

Short Ethereum near 2520, target 2450

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