Bitcoin did not experience significant volatility yesterday, with the price mostly staying above 87,000 and oscillating throughout the day. The 4-hour chart showed a rebound correction but still closed at a relatively low level. As long as the daily close is not above the previous high of the step, the weak downward trend remains unchanged. The rebound is only a partial correction indicator. A close lower the next day suggests further decline. Pay attention to this rhythm—correct first, then continue lower the next day. The short-term strategy this morning is to look for a bearish move based on resistance at the 4-hour Bollinger middle band.
My personal trading suggestion for Bitcoin this morning is to continue shorting around 89,500-90,000 on the rebound, targeting around 87,500-87,000. High-position shorts can be held further.
Ethereum experienced a similar range yesterday, mostly oscillating within a 10-point band around 2,940 throughout the day. The 4-hour chart is in a downtrend channel, with the upper resistance at 3,300 being the critical point for this decline. As long as the downtrend line is not broken, the 4-hour bearish trend remains intact, and short-term rebounds are insufficient to change the trend. The initial resistance for the rebound at the start of the week is below 3,100, which coincides with the 30-period 4-hour moving average. Since the rebound yesterday temporarily stabilized, today may see a rebound to confirm resistance before resuming the downward move. The short-term strategy this morning is to maintain resistance at the upper level and look for continued shorting.
My personal trading suggestion for Ethereum this morning is to continue shorting around 3,060-3,090, targeting around 2,970-2,950. High-position shorts can be held further.
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Bitcoin did not experience significant volatility yesterday, with the price mostly staying above 87,000 and oscillating throughout the day. The 4-hour chart showed a rebound correction but still closed at a relatively low level. As long as the daily close is not above the previous high of the step, the weak downward trend remains unchanged. The rebound is only a partial correction indicator. A close lower the next day suggests further decline. Pay attention to this rhythm—correct first, then continue lower the next day. The short-term strategy this morning is to look for a bearish move based on resistance at the 4-hour Bollinger middle band.
My personal trading suggestion for Bitcoin this morning is to continue shorting around 89,500-90,000 on the rebound, targeting around 87,500-87,000. High-position shorts can be held further.
Ethereum experienced a similar range yesterday, mostly oscillating within a 10-point band around 2,940 throughout the day. The 4-hour chart is in a downtrend channel, with the upper resistance at 3,300 being the critical point for this decline. As long as the downtrend line is not broken, the 4-hour bearish trend remains intact, and short-term rebounds are insufficient to change the trend. The initial resistance for the rebound at the start of the week is below 3,100, which coincides with the 30-period 4-hour moving average. Since the rebound yesterday temporarily stabilized, today may see a rebound to confirm resistance before resuming the downward move. The short-term strategy this morning is to maintain resistance at the upper level and look for continued shorting.
My personal trading suggestion for Ethereum this morning is to continue shorting around 3,060-3,090, targeting around 2,970-2,950. High-position shorts can be held further.