Morning Thoughts

Reviewing the price of the coin, it once dropped to a low of 119100, however, the bullish forces quickly gathered, launching a strong offensive, pushing the price into a fluctuating upward mode until it broke through the 120300 level. Currently, Bitcoin is operating steadily around 119500, and the market is temporarily stabilizing. Ethereum is carrying the upward momentum from yesterday, with the price peaking at 4630 before retreating, currently stabilizing around 4620, showing a robust stabilization trend.

The four-hour K-line shows that Bitcoin has come under pressure again after a short-term rebound. Although the price briefly stood above the middle band of the Bollinger Bands, seemingly continuing the upward trend, it quickly faced heavy resistance above, and momentum rapidly diminished, turning downward again. The morning strategy should first treat it as a high short!

Trading Suggestions:

Bitcoin: Short in the range of 119300-119500, target around 118000

Ethereum: Short in the range of 4550-4580, target around 4500