Thursday, Bitcoin surged overnight to test resistance, first short then long during the day

Today's market is similar to yesterday's, with an overall rhythm of rising then falling. Currently, from the four-hour K-line chart, Bitcoin's price faced resistance during the surge to 108,000 and quickly retreated. Not only did it fail to break through the previous high, but it also showed a clear lack of upward momentum, indicating a shift in the balance of buying and selling forces, and the market has entered a correction phase. Currently, when the price rebounds to the middle band of the Bollinger Bands, it faces strong resistance, and the short-term upward momentum is lacking. Based on the current technical signals, today's trading strategy is mainly bearish, and it is recommended to adopt a high short approach. The specific points are as follows:

btc: Can layout short positions in the 108,000 - 108,500 range, targeting around 106,000, with a stop-loss set at 109,000.

eth: Can layout short positions in the 2,510 - 2,540 range, targeting around 2,400, with a stop-loss set at 2,580.

I am Zhou Yiheng, in the circle for seven years, focusing on digital currency trend analysis and professional guidance. If your trading isn't good, you can join me. #下一任美联储主席人选 $BTC