Today's Market Analysis
$BTC Today, the Bitcoin price has been in a sideways phase all day. Both the inflow of ETFs and the analysis of the 4-hour chart indicate a strong bearish sentiment! Moreover, the Bollinger Bands are flat, and the short-term moving averages are forming significant resistance around the middle band! Therefore, today we will mainly focus on shorting at high levels! After all, prolonged stagnation often leads to a drop!
Currently, just watch 1042200; as long as it does not break down, it will continue to rise, with the upper pressure at 105222!
$ETH Ethereum is also quite similar, starting to pull back after a slight rise, bouncing near 2506 and then moving sideways around 2020. From the 1-hour chart, as long as it does not break below 2515 during the pullback, it will rebound again. We still recommend that everyone short at high levels, with upper pressure at 2547!
