Let's briefly review today's market. During the day, Bitcoin peaked at the highest point of 95100, but due to pressure from above, it fell to around 93300 and stabilized. There was over a thousand points of fluctuation during the day, and the short strategy we provided in the morning also gained a few hundred points. In the evening, after the US stock market opened, bulls experienced a brief small-scale surge, bringing the price back to the range of 94000-94500 for consolidation, while Ethereum lagged slightly and also did not see an increase in the evening.
Currently, from the perspective of the market, Bitcoin's daily closing formed a small bearish candlestick showing a doji pattern, with a longer lower shadow than the upper shadow, indicating that there is still some room for a continued pullback. The bullish momentum has basically been released. Looking at the 4-hour level, Bitcoin has once again shown a pattern of testing highs and then retreating, with clear pressure from above that has not been effectively broken. Overall, it remains within the range below the mid-line, with the mid-line currently serving as a significant resistance level. The price is still under pressure in the lower middle range and in a consolidation phase. In the early morning, we can continue to maintain the strategy given during the day. As long as the resistance level above cannot be effectively broken, the bearish trend can continue. If it breaks, we can operate based on the real-time market, and everything will be based on actual market conditions.
Bitcoin can be shorted in the range of 94200-94600, with a target around 93500. Ethereum can be shorted in the range of 1780-1810, with a target around 1710. #BTC $BTC