Evening Thoughts on September 12

Bitcoin fell to around 98,300 during the afternoon, then rebounded to around 99,800, currently trading near 98,800. In the afternoon, both long and short positions were profitable, with Bitcoin gaining 1,130 points, and Ether gaining 61.8 points.

From the current four-hour structure, Bitcoin is operating near the lower band of the Bollinger Bands, with the KDJ curve moving downward, and the MACD also trending downward, indicating an increase in bearish momentum.

Personal suggestion for the afternoon:

If Bitcoin rebounds to around 98,560-98,400, look to short, aiming for the range of 98,000-97,500 with a stop loss at 400.

If Ether rebounds to around 3,900-3,860, look to short, aiming for the range of 3,840-3,805 with a stop loss at 450.