$ETH There is no success that comes without effort, nor is there mediocrity that is without reason. Worthwhile things are always hard-earned. So when you feel lost and confused, do not question your efforts; all these accumulations will become a foundation, silently paving the way for you. Today's midday market continues the oscillating upward trend, but the overall volatility has narrowed, and the upward momentum appears slightly restrained. Since early morning, Bitcoin has only fluctuated around 1500 points, and resistance has gradually become apparent during the bullish advance. Currently, the price is oscillating around 114500. Ethereum is similarly showing a slow upward rhythm at midday, having peaked at around 3575 before encountering resistance and retreating. As of now, the price is consolidating around 3550.
From a technical structure perspective, the Bollinger Bands on the four-hour chart show a diverging downward trend, and the current price has effectively stabilized above the lower band, entering a phase of oscillation and repair. Although there are signs of a rebound in the pattern, the strength is weak, and recent candlesticks have produced longer upper shadows, indicating clear selling pressure above. Overall, the trend remains in a weak downward trajectory. In this weak structure, if the market shows a slight rebound, it can be viewed as a shorting opportunity, and one can follow the trend. For Monday's intraday operations, Lao Chen suggests capturing opportunities for the continuation of the bearish trend.
Bitcoin: Short around 115000 Target 113000
Ethereum: Short around 3580 Target 3480
