The cryptocurrency market is a battlefield for the brave and a breeding ground for dreams. Here, every rise and fall is a knock on the door of fate, and you are the one who can rewrite the future. As long as you maintain your faith, hold tight to your chips, what awaits you is the dawn of financial freedom! On Thursday, the Bitcoin market showed a pattern of initially declining and then rising, with the price first continuing the midnight drop in the morning, until it reached a low of 114211 in the afternoon, at which point it stopped and began to rebound. The price is currently back around 115000. The Ethereum market is similar, with the price dropping from a morning high of 3716 to a low of 3647 before stopping and rebounding, with the current price reaching a high of 3727. The short positions of Bitcoin and Ethereum arranged by Sheng Ge in the morning were entered around 114979 and 3697 respectively, and exited around 114271 and 3655, with Bitcoin shorts capturing a space of 700 points and Ethereum capturing a space of 42 points.

Based on the current market conditions, the four-hour level shows that after experiencing three consecutive bearish candles, the bulls have given way to a two consecutive bullish candle rebound. Currently, the bullish momentum is somewhat dispersed, but the upper band of the Bollinger Bands is an important resistance area for bullish upward movement. After multiple attempts by the bulls, they have returned empty-handed. Therefore, if this position does not break, we can still look for bearish downward movement. From the one-hour level, the market shows a four consecutive bullish candle rebound, breaking through the middle line of the Bollinger Bands. Although both KDJ and RSI are turning upwards, the MACD indicator's dual lines have formed a death cross and are still in a downward extension state, with its indicator values remaining in the negative range. Therefore, in the afternoon, we will adopt a high short strategy after the rebound.

Bitcoin can be shorted near 115600, targeting 113500.

Ethereum can be shorted near 3730-3750, targeting 3650. $BTC $ETH #比特币流动性危机 #加密市场回调