Morning Market Technical Analysis!

From a technical structure perspective, on the daily level, the running channel maintains an upward extension state, with prices gradually stabilizing supported by the middle track. Although there is some pressure in the smaller time frames, there are no signs of a pullback, and breaking through new highs is just a matter of time. The bearish volume release is more of an intention than effective action, and the moving averages have shown a tortuous upward synchronization, indicating that the trend is still led by bulls.

On the four-hour level, the running channel is in an opening state, with prices rising slightly after competing in the middle track area and breaking the upper track. The bullish volume is forming a releasing arrangement, with the moving averages showing signs of a turning and tortuous upward movement. In terms of smaller cycle rhythm, there is still a certain demand for fluctuations, and the bottom building and energy accumulation are evident. In the short term, there is resistance at the 123700 line when pushing higher, and there is still a certain need for a pullback. Today's strategy is to enter short positions at higher levels first.

As for Bitcoin operations, my personal suggestion: short around 123500, targeting 120000-118500! #以太坊创历史新高倒计时 #主流币轮动上涨 #ETH突破4600 #山寨币谷歌热度创五年新高 #机构疯抢以太坊 $BTC