Morning Thoughts

Looking back at the early hours of today, the overall trend of cryptocurrency prices showed an upward trend. The price dipped to the 115500 area before rebounding to around the 117500 high, after which it entered a range of fluctuations and is currently stabilizing around the 117300 line. Ethereum followed a similar trend as Bitcoin, reaching a low of 3780 before rising to a peak of 3880.

From a four-hour perspective, the current price is near the upper Bollinger Band, indicating that the market is at a relatively high level with strong bullish momentum. The MACD indicator shows that the DIF line is above the DEA line, and the histogram is continuously growing above the zero axis, indicating that bullish forces are dominant and the market is in a short-term upward trend. From an hourly perspective, there is a clear upward trend in the short term, with bulls in control, but the price is close to the upper Bollinger Band, indicating a potential for overbought pullbacks. Our morning strategy can focus on short positions.

Bitcoin: Short around 117600-117300, target around 116000

Ethereum: Short around 3920-3900, target around 3830