The afternoon market has once again completed its course, with the overall trend of Bitcoin showing little volatility. Ethereum has been in a consolidation and correction phase. After a bullish surge in the morning, Bitcoin has been in a fluctuating pattern throughout the day, with both bulls and bears pulling back and forth, failing to establish a strong one-sided trend. The price is currently operating around 97000. From the daily chart, Bitcoin shows a doji candlestick pattern, with elongated upper and lower shadows, still caught in the tug-of-war between bulls and bears. The bearish trend is evident, with narrow range fluctuations. On the 4-hour chart, the Bollinger Bands are opening upwards, with Bitcoin making a slight rise to test the upper resistance, but it has failed to break through effectively. The bullish momentum appears somewhat weak. For evening operations, a strategy of maintaining high short positions can be adopted, with a focus on the key resistance level of 97500. If breached, the target can shift to around 98000; on the downside, attention should be paid to the 96000 level. Everything will be based on the actual price movements at that time.
Bitcoin can be shorted in the range of 97000-97500, targeting around 95500, while Ethereum can be shorted in the range of 1830-1860, targeting around 1760. #BTC $BTC