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Morning Thoughts
Looking back at the early morning, Bitcoin fluctuated upward, reaching a high of 116963 before retreating to stabilize around 116400; Ethereum fluctuated between the 4330 to 4380 range and is currently slightly adjusting around the 4330 line.
From a one-hour perspective, the price is currently between the middle track and the upper track, indicating that the market is relatively strong in the short term, but it is close to the upper track and may face some pressure. The MACD value is positive, which is generally seen as a bullish signal, suggesting that bullish momentum has strengthened in the short term. The morning strategy can focus on long positions.
Bitcoin: Long in the range of 116000-115500, target 117500
Ethereum: Long in the range of 4320-4300, target 4400
Looking back at the early morning, Bitcoin fluctuated upward, reaching a high of 116963 before retreating to stabilize around 116400; Ethereum fluctuated between the 4330 to 4380 range and is currently slightly adjusting around the 4330 line.
From a one-hour perspective, the price is currently between the middle track and the upper track, indicating that the market is relatively strong in the short term, but it is close to the upper track and may face some pressure. The MACD value is positive, which is generally seen as a bullish signal, suggesting that bullish momentum has strengthened in the short term. The morning strategy can focus on long positions.
Bitcoin: Long in the range of 116000-115500, target 117500
Ethereum: Long in the range of 4320-4300, target 4400
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Morning Thoughts on 8.18
Looking back at the market early this morning, Bitcoin peaked at 118200 before retreating to stabilize at 117200. Then, the bulls started to push, and the price experienced a wave of upward movement, currently stabilizing around 117700. Ethereum mirrored Bitcoin, reaching a high of 4564 before quickly dropping to 4425, then rebounding to around 4532, and currently stabilizing around 4500.
From the four-hour level, it shows that the price is operating below the middle line of the Bollinger Bands, and all three lines are showing signs of flattening, indicating that the bears were relatively strong at that time, and the market's volatility is relatively stable. The MACD is positive, and the DIF is above the DEA, so the morning thoughts can still focus on high shorts.
Bitcoin: Short in the range of 117500-118000, target around 116500
Ethereum: Short in the range of 4470-4500, target around 4400
Looking back at the market early this morning, Bitcoin peaked at 118200 before retreating to stabilize at 117200. Then, the bulls started to push, and the price experienced a wave of upward movement, currently stabilizing around 117700. Ethereum mirrored Bitcoin, reaching a high of 4564 before quickly dropping to 4425, then rebounding to around 4532, and currently stabilizing around 4500.
From the four-hour level, it shows that the price is operating below the middle line of the Bollinger Bands, and all three lines are showing signs of flattening, indicating that the bears were relatively strong at that time, and the market's volatility is relatively stable. The MACD is positive, and the DIF is above the DEA, so the morning thoughts can still focus on high shorts.
Bitcoin: Short in the range of 117500-118000, target around 116500
Ethereum: Short in the range of 4470-4500, target around 4400
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Key Financial Events to Focus on Today
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With Bitcoin's control over the cryptocurrency market, the altcoin season may officially begin in September
The latest report predicts that the altcoin season may start in September, with market leadership shifting from Bitcoin to other cryptocurrencies.
Research Director David Duong outlined three key driving factors: the decline of Bitcoin's dominance, improved liquidity, and growing investor interest in high-risk assets. As Bitcoin's market share decreases, capital typically first flows into large-cap altcoins, and then into mid-cap and small-cap tokens. The narrowing price gaps and increased order book depth demonstrate improved liquidity conditions, making altcoin trading easier. The report notes that a stable macro environment and controllable volatility may further encourage altcoin investments, following historical patterns that suggest blue-chip altcoins will lead over smaller assets. Although the report does not specify which altcoins will perform best, Coinbase has observed that ETH (up 37.9% year-to-date) and XRP (up 49%) have already outperformed Bitcoin's 27.2% increase this year.
The latest report predicts that the altcoin season may start in September, with market leadership shifting from Bitcoin to other cryptocurrencies.
Research Director David Duong outlined three key driving factors: the decline of Bitcoin's dominance, improved liquidity, and growing investor interest in high-risk assets. As Bitcoin's market share decreases, capital typically first flows into large-cap altcoins, and then into mid-cap and small-cap tokens. The narrowing price gaps and increased order book depth demonstrate improved liquidity conditions, making altcoin trading easier. The report notes that a stable macro environment and controllable volatility may further encourage altcoin investments, following historical patterns that suggest blue-chip altcoins will lead over smaller assets. Although the report does not specify which altcoins will perform best, Coinbase has observed that ETH (up 37.9% year-to-date) and XRP (up 49%) have already outperformed Bitcoin's 27.2% increase this year.
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Market Thoughts
Looking back at the midnight Bitcoin market, it exhibited a range-bound oscillation. The price first dropped to a low around 117120 and then rebounded to a high around 118460, immediately facing pressure and falling back. Near the morning session, the market reached a low of 117267.
The midnight Ethereum market movement synchronized with Bitcoin, where the price rebounded to a high around 4575 before facing downward pressure. Near the morning session, the market fell back to a low around 4455 and then stopped. Bitcoin and Ethereum followed the midnight thought process perfectly, and as we approached the morning, the coin prices continued to decline as expected, reaching the anticipated entry points, currently moving in the target direction.
From an hourly perspective, the market experienced a round of downward movement, after which the bulls provided a slight rebound. All indicators showed upward turning points, and in the morning operations, we maintained a low long strategy.
Bitcoin: Long in the range of 118400-118000, target near 119500
Ethereum: Long in the range of 4560-4530, target near 4620-4650
Looking back at the midnight Bitcoin market, it exhibited a range-bound oscillation. The price first dropped to a low around 117120 and then rebounded to a high around 118460, immediately facing pressure and falling back. Near the morning session, the market reached a low of 117267.
The midnight Ethereum market movement synchronized with Bitcoin, where the price rebounded to a high around 4575 before facing downward pressure. Near the morning session, the market fell back to a low around 4455 and then stopped. Bitcoin and Ethereum followed the midnight thought process perfectly, and as we approached the morning, the coin prices continued to decline as expected, reaching the anticipated entry points, currently moving in the target direction.
From an hourly perspective, the market experienced a round of downward movement, after which the bulls provided a slight rebound. All indicators showed upward turning points, and in the morning operations, we maintained a low long strategy.
Bitcoin: Long in the range of 118400-118000, target near 119500
Ethereum: Long in the range of 4560-4530, target near 4620-4650
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Review of the Morning
Bitcoin surged in the morning but is currently showing weakness in the hourly timeframe and is starting to pull back and consolidate. The overall structure looks healthy, with the four-hour and daily charts still in a bullish volume pattern. During the day, pay attention to the 1223 position; as long as it doesn't break, the bullish pattern will continue.
Ethereum remains as strong as ever. When Bitcoin was rallying, it slightly slowed down. It is still operating near the upper band, but we need to be cautious about the large gap below. The four-hour bullish pattern is weakening, so pay special attention to the support level at 4670 and whether it breaks. It is still primarily bullish.
Bitcoin: Buy in the range of 122000-121500, target around 123000
Ethereum: Buy in the range of 4730-4700, target around 4800
Bitcoin surged in the morning but is currently showing weakness in the hourly timeframe and is starting to pull back and consolidate. The overall structure looks healthy, with the four-hour and daily charts still in a bullish volume pattern. During the day, pay attention to the 1223 position; as long as it doesn't break, the bullish pattern will continue.
Ethereum remains as strong as ever. When Bitcoin was rallying, it slightly slowed down. It is still operating near the upper band, but we need to be cautious about the large gap below. The four-hour bullish pattern is weakening, so pay special attention to the support level at 4670 and whether it breaks. It is still primarily bullish.
Bitcoin: Buy in the range of 122000-121500, target around 123000
Ethereum: Buy in the range of 4730-4700, target around 4800
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Thursday Morning Trading Strategy (8-14):
From the current market perspective, the weekly chart shows a strong bullish candlestick closing high, with a solid bullish candle and a strong high-level increase in volume, forming a series of bullish candles. The upper Bollinger Band is expanding upwards, continuously refreshing new highs. The short-term pullback is relatively limited, with quick rebounds and recoveries. The daily chart is pushing higher step by step, and this momentum will likely continue into the beginning of the week. After an increase in volume during the rise, the price will transition to a slow rise to squeeze shorts before gradually rising again. The last pullback near the low of 118,000 will turn into a short-term support level, which is also the support level at the beginning of this week.
On the four-hour chart, there is a renewed push for higher prices starting from around 118,000, quickly recovering most of the previous losses. Therefore, in terms of operations, the rhythm of the upward movement after the increase in volume will shift quickly, with a larger volatility base. The main strategy remains to buy after pullbacks.
Bitcoin: Buy in the range of 123,800-123,500, target around 125,000
Ethereum: Buy in the range of 4,740-4,720, target around 4,800
From the current market perspective, the weekly chart shows a strong bullish candlestick closing high, with a solid bullish candle and a strong high-level increase in volume, forming a series of bullish candles. The upper Bollinger Band is expanding upwards, continuously refreshing new highs. The short-term pullback is relatively limited, with quick rebounds and recoveries. The daily chart is pushing higher step by step, and this momentum will likely continue into the beginning of the week. After an increase in volume during the rise, the price will transition to a slow rise to squeeze shorts before gradually rising again. The last pullback near the low of 118,000 will turn into a short-term support level, which is also the support level at the beginning of this week.
On the four-hour chart, there is a renewed push for higher prices starting from around 118,000, quickly recovering most of the previous losses. Therefore, in terms of operations, the rhythm of the upward movement after the increase in volume will shift quickly, with a larger volatility base. The main strategy remains to buy after pullbacks.
Bitcoin: Buy in the range of 123,800-123,500, target around 125,000
Ethereum: Buy in the range of 4,740-4,720, target around 4,800
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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
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
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The CPI data released today may be the biggest factor influencing the market direction in the near term and is also the only key data for this month.
The significance of this data lies not only in reflecting inflation itself but, more importantly, in whether it can serve as a "passport" for the Federal Reserve to ease its policies. Once price pressures alleviate, there will be a stronger justification for interest rate cuts, and a weaker dollar along with increased liquidity will be a comprehensive boon for the cryptocurrency market.
The significance of this data lies not only in reflecting inflation itself but, more importantly, in whether it can serve as a "passport" for the Federal Reserve to ease its policies. Once price pressures alleviate, there will be a stronger justification for interest rate cuts, and a weaker dollar along with increased liquidity will be a comprehensive boon for the cryptocurrency market.
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Morning Thoughts
Reviewing the market conditions from early morning, Bitcoin faced resistance and fell back after rebounding to a high of 120769, dipping to a low of 118032 before stabilizing; Ethereum also faced pressure and corrected after reaching a high of 4365, showing a weak oscillating trend, ultimately finding support near 4188.
From the 4-hour candlestick chart, we have seen five consecutive bearish candles, forming a clear downward trend of five consecutive bearish candles. Each bearish candle has a relatively full body, accompanied by gradually increasing trading volume, indicating that bearish forces are persistently gaining strength. Although bulls attempted several times to organize a rebound during this period, they failed to create an effective reversal signal. Recently, the market trend has shown obvious signs of weakness, and the current price has dipped to near the middle band of the Bollinger Bands. This round of decline is accompanied by a moderate increase in trading volume, indicating that market selling pressure is gradually being released, but a clear bullish divergence signal has not yet appeared, suggesting that the market may need more time to complete the bottoming process. In the morning, we still look for a rebound to recover after reaching a high.
Bitcoin: Short position in the range of 119000-118700, short-term target 117500
Ethereum: Short position in the range of 4230-4260, target around 4150
Reviewing the market conditions from early morning, Bitcoin faced resistance and fell back after rebounding to a high of 120769, dipping to a low of 118032 before stabilizing; Ethereum also faced pressure and corrected after reaching a high of 4365, showing a weak oscillating trend, ultimately finding support near 4188.
From the 4-hour candlestick chart, we have seen five consecutive bearish candles, forming a clear downward trend of five consecutive bearish candles. Each bearish candle has a relatively full body, accompanied by gradually increasing trading volume, indicating that bearish forces are persistently gaining strength. Although bulls attempted several times to organize a rebound during this period, they failed to create an effective reversal signal. Recently, the market trend has shown obvious signs of weakness, and the current price has dipped to near the middle band of the Bollinger Bands. This round of decline is accompanied by a moderate increase in trading volume, indicating that market selling pressure is gradually being released, but a clear bullish divergence signal has not yet appeared, suggesting that the market may need more time to complete the bottoming process. In the morning, we still look for a rebound to recover after reaching a high.
Bitcoin: Short position in the range of 119000-118700, short-term target 117500
Ethereum: Short position in the range of 4230-4260, target around 4150
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August 11th Monday Market Analysis
Looking back at the early hours, Bitcoin first pulled back to the low near 118,000, and after stabilizing in this area, it quickly rebounded, climbing to the high point of 119,247. It is currently oscillating around this range, with long and short forces temporarily in a stalemate. The trend of Ethereum is also quite noteworthy; it surged to a high of 4,258 before briefly retreating to around 4,186, but soon regained support and launched another upward attack, touching 4,250 at one point. It is currently consolidating in this area.
From the analysis of the 4-hour technical indicators, the Bollinger Bands are showing an upward diverging funnel shape, with prices closely adhering to the upper band, indicating that the short-term upward momentum is nearing exhaustion. The risk of a dead cross at high levels has significantly increased, and the probability of price returning to the middle band is high, as buying power has been excessively consumed. The recent price trend failed to form an effective breakthrough near previous highs, suggesting strong resistance in this area. Multiple technical indicators are resonating, collectively indicating that bullish power has clearly been overstretched. The market faces significant technical adjustment pressure in the short term, and I can first look to short during the high wave this morning.
Bitcoin: Short near 119,000-119,200, target 117,500
Ethereum: Short near 4,270, target around 4,200
Looking back at the early hours, Bitcoin first pulled back to the low near 118,000, and after stabilizing in this area, it quickly rebounded, climbing to the high point of 119,247. It is currently oscillating around this range, with long and short forces temporarily in a stalemate. The trend of Ethereum is also quite noteworthy; it surged to a high of 4,258 before briefly retreating to around 4,186, but soon regained support and launched another upward attack, touching 4,250 at one point. It is currently consolidating in this area.
From the analysis of the 4-hour technical indicators, the Bollinger Bands are showing an upward diverging funnel shape, with prices closely adhering to the upper band, indicating that the short-term upward momentum is nearing exhaustion. The risk of a dead cross at high levels has significantly increased, and the probability of price returning to the middle band is high, as buying power has been excessively consumed. The recent price trend failed to form an effective breakthrough near previous highs, suggesting strong resistance in this area. Multiple technical indicators are resonating, collectively indicating that bullish power has clearly been overstretched. The market faces significant technical adjustment pressure in the short term, and I can first look to short during the high wave this morning.
Bitcoin: Short near 119,000-119,200, target 117,500
Ethereum: Short near 4,270, target around 4,200
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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
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
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Afternoon Thoughts
Looking back at the morning market, it fell from 115200 to around 114200, presenting a typical oscillating pattern. The Bollinger Bands are closing and narrowing, market sentiment is stabilizing, activity is decreasing, and trading volume is shrinking, indicating a temporary pullback; the low long strategy remains the main focus.
From the hourly level observation, the price continues to run in the upper band area of the Bollinger Bands, constantly testing the pressure strength of the upper band; at the same time, the three bands of the Bollinger Bands are gradually diverging upwards, showing that the bullish strength is slowly leading the market upward, with the overall short-term trend leaning towards positivity. In the afternoon, we can focus on the low long strategy.
Bitcoin: Long around 114300-114600, target around 115500
Ethereum: Long around 3680-3700, target around 3750-3780
Looking back at the morning market, it fell from 115200 to around 114200, presenting a typical oscillating pattern. The Bollinger Bands are closing and narrowing, market sentiment is stabilizing, activity is decreasing, and trading volume is shrinking, indicating a temporary pullback; the low long strategy remains the main focus.
From the hourly level observation, the price continues to run in the upper band area of the Bollinger Bands, constantly testing the pressure strength of the upper band; at the same time, the three bands of the Bollinger Bands are gradually diverging upwards, showing that the bullish strength is slowly leading the market upward, with the overall short-term trend leaning towards positivity. In the afternoon, we can focus on the low long strategy.
Bitcoin: Long around 114300-114600, target around 115500
Ethereum: Long around 3680-3700, target around 3750-3780
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August 7th Market Thoughts
Looking back at yesterday's midnight action, the major cryptocurrency initially rose and then faced pressure, with the price first climbing to a high of 115674 before pulling back, eventually dropping to a low of 114732 as morning approached.
Ethereum maintained a similar trajectory to the major cryptocurrency during midnight, reaching a high of 3698 before stalling and then declining, with the price touching a low of 3652 as morning neared.
The four-hour chart shows that after experiencing three consecutive bullish candles, the market is now under pressure, showing a two consecutive bearish candle trend. The KDJ and RSI indicators all have their lines turning downward at high levels, and the MACD indicator's dual lines remain below the zero axis, indicating an overall trend gradually leaning towards weakness. From the one-hour chart perspective, the market is entering a gradual downtrend; the KDJ indicator's three lines have formed a death cross at this level, and the MACD histogram is also gradually shrinking above the zero axis, suggesting that the bearish momentum is gradually dissipating. For morning operations, we will continue to maintain a bearish outlook.
Major cryptocurrency: Short near 115000-114700, target around 114000
Ethereum: Short near 3720-3700, target looking at around 3650-3630
Looking back at yesterday's midnight action, the major cryptocurrency initially rose and then faced pressure, with the price first climbing to a high of 115674 before pulling back, eventually dropping to a low of 114732 as morning approached.
Ethereum maintained a similar trajectory to the major cryptocurrency during midnight, reaching a high of 3698 before stalling and then declining, with the price touching a low of 3652 as morning neared.
The four-hour chart shows that after experiencing three consecutive bullish candles, the market is now under pressure, showing a two consecutive bearish candle trend. The KDJ and RSI indicators all have their lines turning downward at high levels, and the MACD indicator's dual lines remain below the zero axis, indicating an overall trend gradually leaning towards weakness. From the one-hour chart perspective, the market is entering a gradual downtrend; the KDJ indicator's three lines have formed a death cross at this level, and the MACD histogram is also gradually shrinking above the zero axis, suggesting that the bearish momentum is gradually dissipating. For morning operations, we will continue to maintain a bearish outlook.
Major cryptocurrency: Short near 115000-114700, target around 114000
Ethereum: Short near 3720-3700, target looking at around 3650-3630
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Ethereum Single Strategy Verification, Eating Meat
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August 6 Market Analysis Strategy
Looking back, the Bitcoin market showed a fluctuating upward trend in the early morning. The price gradually climbed from a low point near 112625, continuously probing higher, reaching a peak of around 113947 before the upward momentum temporarily stalled.
In contrast, Ethereum's market trend was entirely different; after the price retreated to a low of around 3544 in the morning, it stopped falling and stabilized, showing a slight rebound, with the highest point reaching around 3610.
From the current market observation, the four-hour level shows a steady upward trend, with prices gradually approaching the upper Bollinger Band. Although there was a slight bearish pullback during this period, its strength was weak and failed to reverse the overall upward trend. Currently, bullish momentum continues to be released, with the trend clearly dominated by bulls. Looking at the hourly level, the market has shown two consecutive bullish candles.
After probing higher, it encountered overhead resistance and retreated, but the Bollinger Band maintains an upward opening shape, with the middle line also moving upward. The MACD indicator's dual lines formed a golden cross and continue to extend upward, with bullish signals still strengthening. Overall, the morning operation suggests focusing on a low long strategy after the pullback.
Bitcoin: Targets around 115000 near 113500-114000
Ethereum: Targets around 3650-3680 near 3580
Looking back, the Bitcoin market showed a fluctuating upward trend in the early morning. The price gradually climbed from a low point near 112625, continuously probing higher, reaching a peak of around 113947 before the upward momentum temporarily stalled.
In contrast, Ethereum's market trend was entirely different; after the price retreated to a low of around 3544 in the morning, it stopped falling and stabilized, showing a slight rebound, with the highest point reaching around 3610.
From the current market observation, the four-hour level shows a steady upward trend, with prices gradually approaching the upper Bollinger Band. Although there was a slight bearish pullback during this period, its strength was weak and failed to reverse the overall upward trend. Currently, bullish momentum continues to be released, with the trend clearly dominated by bulls. Looking at the hourly level, the market has shown two consecutive bullish candles.
After probing higher, it encountered overhead resistance and retreated, but the Bollinger Band maintains an upward opening shape, with the middle line also moving upward. The MACD indicator's dual lines formed a golden cross and continue to extend upward, with bullish signals still strengthening. Overall, the morning operation suggests focusing on a low long strategy after the pullback.
Bitcoin: Targets around 115000 near 113500-114000
Ethereum: Targets around 3650-3680 near 3580
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Midday Market Analysis Strategy
Reviewing the morning's decline from around 115300 to 114100, forming a W-shaped fluctuation, with several failed attempts to break through the key resistance level of 116000, indicating strong bearish pressure in this area.
Looking at the 1-hour chart, both Bitcoin and Ethereum have similar trends, both breaking below the middle band of the Bollinger Bands. Although there appears to be an upward channel, several upward tests have failed to hold, indicating significant resistance above. It is likely to decline next, or may briefly rise before dropping again; the short-term strategy remains focused on short positions.
Ethereum has shown weak rebound after breaking below the middle band of the Bollinger Bands, with resistance in the range of 3680-3710.
This aligns with expectations of short-term pressure and decline, so attention should be paid to whether the support level at 3600 can hold; if it breaks, further declines may occur.
Operation Suggestions
Bitcoin: Short near 114200, target around 113000
Ethereum: Short near 3650, target around 3580
Reviewing the morning's decline from around 115300 to 114100, forming a W-shaped fluctuation, with several failed attempts to break through the key resistance level of 116000, indicating strong bearish pressure in this area.
Looking at the 1-hour chart, both Bitcoin and Ethereum have similar trends, both breaking below the middle band of the Bollinger Bands. Although there appears to be an upward channel, several upward tests have failed to hold, indicating significant resistance above. It is likely to decline next, or may briefly rise before dropping again; the short-term strategy remains focused on short positions.
Ethereum has shown weak rebound after breaking below the middle band of the Bollinger Bands, with resistance in the range of 3680-3710.
This aligns with expectations of short-term pressure and decline, so attention should be paid to whether the support level at 3600 can hold; if it breaks, further declines may occur.
Operation Suggestions
Bitcoin: Short near 114200, target around 113000
Ethereum: Short near 3650, target around 3580
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$PLUME Coin Price Forecast 2025 - 2028 🚀🚀🚀
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