$ETH Currently, although the bulls have pulled out three upward candles on the chart, slowly recovering some of the previous losses, the fatigue during the rebound is quite obvious. From the perspective of volume and price relationship, the index is rising, but the trading volume has not followed, showing a divergence of rising prices with shrinking volume. This wave of rebound is more the result of the bears taking a temporary break; there is not much selling pressure during the day, but each time the index hits a resistance level, the momentum for an upward move noticeably weakens. In terms of technical indicators, although the MACD has formed a golden cross, the histogram growth is slow; after the KDJ enters the overbought zone, the J value begins to flatten, indicating that the pressure for short-term adjustment is increasing. Overall, the market is still in a weak rebound state, and one should be alert to the risk of a second bottom due to insufficient volume. Therefore, in the afternoon, we will continue to adhere to a high short strategy.

Bitcoin can be shorted near 118800-119000, with a short-term target towards 117000; Ethereum can be shorted near 3880, with a short-term target towards 3780. #白宫数字资产报告 $BTC