Today's Thoughts

The recent candlestick chart for Bitcoin has formed multiple long upper shadow bearish candlesticks, indicating heavy selling pressure above. In the 4-hour timeframe, there have been multiple rebounds that failed to break the previous high, suggesting the market is facing a pullback pressure. The 4-hour Bollinger Bands have started to open upwards, indicating there is still some room for upward movement. Our perspective remains bullish, and we suggest entering positions at lower levels in the evening.

Trading Suggestions

Enter long positions near 82500 for Bitcoin, with a target of 83800.

Enter long positions near 1780 for Ethereum, with a target of 1840.