Morning Market Analysis Strategy

Bitcoin staged a deep V reversal in the early morning, rebounding from a low near 101300 and breaking through 104000, causing short positions to be liquidated and bullish sentiment to rise.

However, there are notable technical concerns: The upper Bollinger Band on the 1-hour chart is strongly resistant, with prices oscillating around the middle band, and bullish momentum is weakening; short-term trading is stuck between bulls and bears, with the 4-hour chart showing consistently lower highs, increasing the risk of a pullback.

Trading Recommendations:

Bitcoin: Short near 104000, target below 103000.

Ethereum: Short near 2550, target 2500-2450. #币圈投资策略