#BTC #ETH The price rose sharply in the early morning, reaching a high of 109730 before retreating slightly. During this time, multiple upward attempts failed to achieve effective breakthroughs, and it is currently oscillating around the 109000 level. The altcoin initially spiked to 2618 in the morning but quickly fell back to oscillate around 2580.
From the 4-hour K-line chart, there is a divergence between volume and price, and the Relative Strength Index (RSI) has surged into the overbought zone at 89, while the upward momentum of the MACD indicator continues to weaken. These signals indicate insufficient bullish momentum for subsequent upward movement. Currently, the market is in a consolidation phase after the rise, and the strategy in the morning focuses on short positions after a rebound.
Operational Suggestions
Bitcoin short in the range of 109200—109500, target 107500
Altcoin short near 2600, target first look at 2500