In the cryptocurrency world, there is no journey that goes smoothly, but it is these twists and challenges that forge our unyielding will. Every fall is to rise again more steadily and continue to climb towards the peak of our dreams. On Tuesday morning, the Bitcoin market first dipped slightly to a low of around 87017 before experiencing a relatively strong rebound, with the price reaching a high of around 88850. Ethereum and Bitcoin moved in sync, with the market rebounding after hitting a low of around 1537, and the morning price peaked at around 1589.
Based on the current market situation, the four-hour timeframe shows that the market has broken through the upper Bollinger Band. After breaking through the previous high, the price did not maintain a certain level of continuity, with a long upper shadow left above the bullish candlestick body. The current bullish trend has clearly slowed down. From a smaller timeframe perspective, the market shows a three consecutive bullish candlestick upward trend, but the MACD indicator values are still in the negative range, greatly increasing the probability of the market pulling back after a surge. If the bulls cannot stabilize, it will lead to a technical adjustment. Therefore, during the morning to midday operations, we will still maintain a high short strategy.
Short near Bitcoin 88800, target 87000-86500.
Short near Ethereum 1600, target 1530.
