Good morning, everyone 🌞🌞
Morning market analysis:
This week's market differs from last week's sharp rise with increased volume, leaning towards a consolidation structure after the peak. The morning's fluctuations are limited, with Bitcoin falling to around 108500 before stabilizing, currently consolidating around this price level; Ethereum experienced a deep pullback after yesterday's peak, failing to break through the 2700 level, indicating significant resistance at the highs.
#大饼 : From the daily chart analysis, the step-up trend remains unchanged, with the midline (around 106000) being the lifeline for bulls. The upper Bollinger Band has flattened, and the market needs to consolidate sideways before choosing a direction. The K-line's upper shadow is under pressure at the upper band, having dipped below the midline, but the Bollinger Bands are flat, with support at around 108000, focusing on short-term oscillation corrections.
#以太 : After a peak on the daily chart, there was a pullback, with clear resistance at the 2700 level, needing to digest the selling pressure above in the short term. Today's overall market leans towards a pullback. It is recommended to short at high positions!
Di Ge's trading thoughts:
$BTC : Shorting in the 109500-110000 range, stop loss at 112000, target at 107500
$ETH : Shorting in the 2690-2700 range, stop loss at 2730, target at around 2600
Di Ge will monitor the market and will notify immediately when suitable entry points arise.
