2025-01-21 03:06:20

#$BTC Breaks Historical High

Yesterday, after the price of Bitcoin surged to around 110,000, it pulled back and reached a low of 100,138 in the evening. The intraday volatility is close to 10,000 points. Long positions were wiped out by short positions after the surge, but fortunately, the intraday market is still following our expectations.

Looking at the current market data, the 4-hour chart shows a downward contraction in the Bollinger Bands. The early morning candlestick pierced the lower band and EMA60, forming upper and lower shadows. The current candlestick is located between EMA30 and the middle band, and short-term needs to follow the pressure from the middle band. The market has entered a pullback in the short term, with lower lows and lower highs, forming a descending channel. It is still recommended to short at higher levels in the morning.

In summary, here are the recommendations:
BTC: Short near 103,500-104,000, target follow at around 100,000-98,000
ETH: Short near 3,330-3,350, target follow at around 3,200-3,100.
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BTC-1,81%

BAND-1,07%

NEAR0,14%

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