The market has its ups and downs, which is a perfectly normal rule. This statement sounds simple, but it contains profound philosophy. It reminds us that the fluctuations in the crypto world are the norm, and we need not be overjoyed or saddened by temporary gains or losses. Just like the changing of the seasons—spring brings warmth and blossoms, summer is scorching, autumn brings a cool breeze, and winter is snowy—each season has its unique beauty, and the crypto world is no different. Yesterday at midnight, Bitcoin experienced a relatively strong rebound, with the price rising from last night's 93559 level to today's morning high of 95165. Ether mirrored Bitcoin's movement, with the price climbing from last night's 1793 level all the way up to a high of 1832 before stopping.


According to the current disc, the four-hour level shows that the market ushered in a two-day rebound after falling to the lower Bollinger band, KDJ and RSI indicators have turned upward, and the price has also warmed up to below the middle of the Bollinger band, but the Bollinger band opening is downward, the MACD indicator is still in the negative range and the fast and slow lines are running below the 0 axis, indicating that the overall trend is still in the bearish side, from the one-hour level, the market is two consecutive yang upward to the upper Bollinger band after some stopping, the yang column body has left a long upper shadow line, indicating that the pressure above is strong , the momentum of the bulls is gradually weakening, so in the morning operation we have rebounded after the idea of high altitude.
You can short Bitcoin near 95000-95500, targeting 93500.
You can short Ethereum around 1835, targeting 1770.
BTC-4,13%
ETH-4,76%
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