Last night, due to the rise of Ethereum, Bitcoin dropped but then recovered, peaking at around 110500, and subsequently experienced a continuous decline. It is currently oscillating around 108400! 🔥🔥🚀
From the 1-hour candlestick perspective, the price showed signs of short-term stabilization after touching the lower band of the Bollinger Bands. However, bearish strength still dominates, and the short-term market is about to experience stagnation or a pullback!
Personal trading advice:
Bitcoin: Short at 109300-109800, target around 106500!
Ethereum: Short at 2660-2690, target around 2500!
