#数字货币市场回调 Tuesday Midday Observation

The morning trend today is a bit tangled. Bitcoin surged to 87384 in the morning but then turned around, dropping to a low of 86159, and has been oscillating back and forth in this small range since then. Ethereum is similar, jumping back and forth between 2781 and 2825.

Looking at the four-hour chart, although three consecutive bullish candles have pushed the price up, you can notice that each bullish candle has a long upper shadow - the buying pressure is clearly weaker than the selling pressure. Now we have another bearish candle, and the upper pressure is quite evident.

Looking at the hourly chart again, the price touched below the upper Bollinger Band and has since been caught in a tug-of-war, with both bulls and bears in a stalemate. The key point is that the MACD histogram is starting to shorten, and the three lines of the KDJ have also crossed downward. In this situation, the momentum for further upward movement is clearly insufficient.

The idea in the afternoon is to wait for the bears to exert their strength. The market is currently in a correction phase, and the selling pressure above has not yet been fully released, so the likelihood of a continued pullback in the short term is greater.

Operation Suggestions:
BTC: Consider short positions around 87500, looking at 85500.
ETH: You can also short around 2830, targeting 2700.

The specific entry should still be based on the real-time market, paying attention to position control and stop-loss.