In the afternoon, Bitcoin is around 107,800. After a kiss, it rises all the way. The price peaked at 108,800. Our afternoon bullish outlook was directly validated, and there wasn't much fluctuation with Ethereum, which oscillated around 2720, peaking only at 2744 before starting to drop. Currently, Ethereum has already dipped to the 2710 level.
From the current trend, if Bitcoin does not break the 109,000 level in the evening, the price will be under pressure here and will start to retreat further. If the price stabilizes around 108,500, then with the strong opening of the U.S. stock market, the cryptocurrency price will see a new strong upward movement. However, for Ethereum, after the afternoon high near 2750, it faced pressure from the bulls and currently lacks momentum for a rebound. We can choose to short at the highs, manage our positions well, and set stop-loss and take-profit levels to make a move together.
Bitcoin strategy: short near 109,000, target 107,000
Ethereum strategy: short near 2725, target 2665
