《A Professional Perspective on the Morning Cryptocurrency Market Volatility, Bitcoin and Ethereum Midday Trading Strategy Revealed!》
This morning, the market has been fluctuating within a range. Bitcoin couldn't rise above 105700 and started to decline, reaching around 105030; Ethereum was pressured at 2552, with a minimum drop to 2513. Our bearish outlook this morning, although it didn't reach the ideal cash-out point, the trend is similar to what we expected, the direction is right, and making money is steady.
From a technical analysis perspective, after four consecutive bearish candles on the daily chart, there were two bullish candles that rebounded. However, yesterday's bullish candle had a small body and a long lower shadow, indicating that the support at 104800 is strong. Bitcoin's price has rebounded, but it is still near the lower band of the Bollinger Bands.
On the 4-hour chart, Bitcoin's price is above the middle band of the Bollinger Bands, with a long lower shadow. The Bollinger Bands are narrowing, with bulls and bears in a tug-of-war, so the market is likely to fluctuate within a small range. In the short term, we can look for a rebound and consider a short position.
For midday trading, short Bitcoin near 106500, targeting 104500; short Ethereum between 2590 - 2610, targeting 2500. Don't act impulsively in trading, take it steady.
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