In the afternoon, the Bitcoin market showed a pattern of initially declining and then rising. After a brief pullback to around 96283, the price quickly stabilized, followed by bullish forces pushing up, reaching a high of 96970. Meanwhile, Ethereum surged to 1834 during the day before experiencing a technical pullback, finding effective support near 1812 and rebounding. Although the current market did not experience a deep pullback as expected, considering the market's need for fund settlement approaching the weekend and the pressure of profit-taking, along with the alternating market trends, it is anticipated that the evening market will undergo a phase of adjustment. Based on this, it is recommended to adopt a bearish trading strategy for the evening, focusing on shorting opportunities near high resistance levels.

From the current market situation, the 4-hour timeframe shows a significant upward trend. The middle band of the Bollinger Bands at 95350 serves as dynamic support, continuously providing effective support as price fluctuations continue; the upper band at 97300 forms a short-term resistance level. The current K-line is closely approaching the upper band, and once the price successfully breaks through the key level of 97300, it is highly likely to trigger an accelerated upward trend. Meanwhile, the RSI indicator has risen above the 60 level, indicating strong bullish momentum and that it has not yet reached the overbought zone, suggesting that the market still has ample upward potential. On the 1-hour level, the market shows a fluctuating pattern. The price is currently running between the upper and middle bands of the Bollinger Bands. If there is a subsequent pullback on reduced volume, as long as the price finds effective support above the middle band at 96500, it will constitute an ideal entry point for bulls. However, it is worth noting that the short-term high points are significantly under pressure, and there is still room for a certain pullback. From a technical indicator perspective, the RSI is in a neutral to weak area, and in the KDJ indicator, the J value has bottomed out and rebounded, while the K line and D line are about to form a golden cross. However, the increase in volume has not provided a clear continuation for bulls. Currently, the trend is slightly bullish, but after a rally, the pullback has not been given. If the high point of 97300 does not break, consider taking a light position short to target a pullback to 95000.

Bitcoin can be shorted in the range of 97300-97000, targeting around 95000. Ethereum can be shorted in the range of 1830-1850, targeting around 1780. #BTC走势分析