The precise realization of the above strategy for Bitcoin at 107000 has created a space of over 2000 dollars. Short at 2730, long at 2480, both long and short positions have again yielded over 300 dollars in space.
Technical Analysis of Bitcoin and Ethereum ————
Looking at the daily chart of Bitcoin, after Friday's decline, there was a small rebound over the weekend. Currently, it is testing the 110000 level. The Bollinger Bands are narrowing, and the short-term moving averages are trending upward. The MACD fast and slow lines are flattening at a high level, showing signs of potential downward movement, with the volume bars slightly shrinking. The KDJ has turned and we should be cautious of further declines. The VR indicator is consolidating around the value of 150. On the 4-hour chart, the market has seen consecutive bullish rebounds testing the upper band. The Bollinger Bands are also in a narrowing state, and short-term moving averages are running around the middle band. The MACD fast and slow lines have turned and formed a crossover, with volume bars slightly increasing. The KDJ is extending upward, and we should pay attention to the resistance around the value of 100. The VR indicator is consolidating around the value of 60. Overall, the market is in a large range of fluctuations. The resistance at the upper band on the 4-hour chart is what we need to focus on in the short term. Initially, we should reference the resistance for entry, while the support below is at around 107000.
Short-term recommendation for Bitcoin: Current price 110000 short (110800 short), long at 107000 (activate strategy and manage profits independently).
Ethereum's technical performance is linked to Bitcoin's. Currently, it is testing the short-term resistance area, and in the short term, it can mirror Bitcoin. We should continue to pay attention to support above 2450. Looking at short-term recommendations.
Short-term recommendation for Ethereum: Current price 2580 short (2620 short), long at 2480.