$BTC $ETH The road of contracts is fraught with difficulties, but if the mindset remains solid as a rock, then there will be no hindrance from wind and rain. Regardless of the changing market, I will remain steadfast and respond to change with consistency, ultimately reaching the shore of wealth. On Thursday morning, Bitcoin continued the rebound trend from the early hours, with the price peaking at around 118852 by noon, while Ethereum maintained its upward trend alongside Bitcoin, reaching a high of 3875 by noon. In the morning, Brother Sheng seized this wave of bullish rebound, entering a long position in Bitcoin around 117648 and exiting around 118478, gaining 800 points. For Ethereum, he entered a long position around 3830 and exited around 3871, gaining 41 points.

Based on the current market, the four-hour level shows that after experiencing three consecutive bullish candles, the momentum has slowed down, with a long upper shadow on the bullish candles indicating strong selling pressure above, which has also hindered the continuation of the bullish trend. Additionally, the Bollinger Bands are gradually narrowing, with the middle line trending downward, suggesting an overall trend of a pullback after a peak. From the one-hour level, the market has been gradually approaching the upper Bollinger Band before stopping. Currently, the KDJ indicator lines have formed a death cross pattern, and the three lines of the RSI indicator also show a downward turn. Therefore, in the afternoon operations, we will adopt a strategy of shorting after a rebound. #BTC🔥🔥🔥🔥🔥

Bitcoin can be shorted near 119000-119200, with a target of 117000.

Ethereum can be shorted near 3880-3900, with a target of 3750.