Do not be discouraged by temporary setbacks. Believe in yourself and the power of time. The road in the crypto world is long and difficult, but it is these challenges that forge our resilience. Let us walk hand in hand, lighting the way forward with warmth and faith. On Tuesday, Bitcoin's price rose to a high of 88,850 in the morning and then fluctuated around 88,000. Ethereum's price initially dipped to a low of 1,537 in the morning before rebounding, stopping at a high of 1,593.
According to the current market situation, the four-hour chart shows that after breaking through the previous high, the price has come under pressure and retreated. Currently, the price is operating below the upper band of the Bollinger Bands, with both bulls and bears engaged in fierce competition. From the one-hour chart perspective, the Bollinger Bands are in an opening posture, and the price is gradually approaching the middle band of the Bollinger Bands. The KDJ and RSI indicators show signs of turning downward, indicating that the pressure from above still exists in the short term. Therefore, our strategy for the afternoon is to focus on short positions.
Short Bitcoin around 88,500 with a target of 86,500.
Short Ethereum around 1,600 with a target of 1,530.
