The market is never short of opportunities; what it lacks is the patience to wait for the flowers to bloom and the insight to seize the moment. In this fast-changing era, staying learning and keeping up with trends provides more peace of mind than blindly following the crowd. Just as navigators use the stars for guidance, we must rely on the light of knowledge to illuminate our path forward. On Monday morning, Bitcoin initially dipped to a low of 104920 before experiencing a slight rebound, reaching a high of 105927 by midday. Ethereum followed a similar pattern, with a minor pullback in the morning before making a second upward move, reaching a high of 2579.
Based on the current market situation, the four-hour chart shows a consecutive two green candles approaching the upper Bollinger Band. The Bollinger Band remains in a contracted state; although the bullish performance is relatively strong in the short term, the momentum has not driven the price to break through the upper resistance zone. The upper Bollinger Band acts as a lifeline for bears; as long as this level holds, we can still consider bearish positions. From the one-hour perspective, the market shows a stair-step rise to the upper Bollinger Band, but in conjunction with the overall trend, the movement hasn't broken out of the legitimate range. Additionally, both the K and J values in the KDJ indicator have entered the overbought zone, significantly increasing the probability of a pullback in the future. Therefore, we still maintain a bearish outlook during lunchtime.
Bitcoin can be shorted around 106000, targeting 104000.
Ethereum can be shorted around 2600, targeting 2500.
