By observing the daily chart of Bitcoin, we can find that its price has been on an upward trend, breaking through the upper track of the Bollinger Band at one point, showing a strong upward momentum. However, at the price of 67,000 points, it encountered great resistance and the price could not continue to rise. At present, the price has fallen below the Bollinger Band and has begun to show signs of a pullback. From the MACD indicator, the double lines are still moving forward, but the upward momentum has weakened, and there is a risk of a downward trend. The three lines of the KDJ indicator also remain stable, but there is also a possibility of a decline. From the 4-hour chart, the price of Bitcoin has hit the top and started to fall, and the trend in the early trading is still bearish. Last night's short positions are still being held. Half of the positions were closed near 3580 points last night, and the same scale of positions were covered near 3637 points this morning. The trend in the early trading is still bearish, and investors are advised to remain cautious.
Bitcoin, short between 66,600 and 67,000 points, target 65,000 points, stop loss at 67,500 points.
Ethereum, short between 3600 and 3640, target 3500, stop loss at 3680. #BTC☀ #ETH🔥🔥🔥🔥