On Friday afternoon, Bitcoin's market experienced a strong upward surge, with the price rising to a high point of 106,486 before stopping. Ethereum's market moved in sync with Bitcoin, with the price climbing from a low point of 2,503 around noon to a high point of 2,569. In the afternoon, Sheng Ge placed a long position in Bitcoin as the market broke through the range, entering near 105,333 and exiting near 106,423, gaining 1,000 points of space.
From the current market perspective, the one-hour level shows that after experiencing four consecutive bullish candles and breaking through the upper Bollinger Band, the bears began to exert their strength, causing the price to return below the upper Bollinger Band. The KDJ indicator's three lines are curling downwards at this level and gradually converging, which significantly increases the probability of forming a death cross pattern. The RSI indicator's three lines are also moving downwards simultaneously, so in the evening, we will continue to maintain the strategy of selling high after a rebound.
Bitcoin can be shorted around 106,300, with a target of 103,500.
Ethereum can be shorted around 2,560, with a target of 2,450.