Bitcoin encountered resistance at the key price level of 112000 early this morning and is currently fluctuating around 111000. The trading volume has narrowed, and the tug-of-war between bulls and bears has entered a stalemate phase.
The moving averages below maintain a bullish arrangement, providing support, while the resistance above is also quite evident. Although the daily line closed with a bullish candle, the long upper shadow indicates significant selling pressure above, and short-term trends have begun to show signs of weakening.
Trading Strategy
Short Bitcoin at 111400-111900 with a target of 109000-108500 range.
Short Ethereum (ETH) at 2800-2820 with a target of 2710-2690 range.
Strong recovery, doubling assets! Stay alert for rainy days, plan ahead, and easily reap great profits.
Continued attention: FIS M
