In the cryptocurrency world, the true winners are often those who remain steadfast amidst turmoil and are adept at adjusting their strategies. Now is the time to test ourselves; maintain composure, respond actively, and the dawn of victory is just ahead. On Friday afternoon, Bitcoin's market made a significant move, with the price slightly rebounding to around the 104578 high point before facing resistance again, subsequently maintaining a fluctuating operation near 104000. Ethereum's market is similar, with the price rising from the 2440 low point to around the 2527 high point before entering a phase of consolidation.
From the current market perspective, the hourly level shows that after experiencing a sharp decline, the bulls have provided a two-day rebound, and the price has warmed up to operate above the lower Bollinger Band. However, it is evident that the strength of this rebound is not significant and lacks continuity. Currently, the market has again entered a downward trend. Although the KDJ indicator's three lines have formed a golden cross pattern, none of the three lines have reached above 50, which may indicate a turning point. The MACD indicator's fast and slow lines are still operating below the zero axis, suggesting that this rebound is merely a normal corrective action, and the overall trend continues to revolve around the bears. Therefore, in the afternoon, we maintain our strategy of short positions.
Sell Bitcoin around 104500 with a target of 102000.
Sell Ethereum around 2530 with a target of 2450#BTC☀ .