From the 4-hour chart, the Bollinger Bands are narrowing, and the price is slowly moving up along the 5-day moving average, but the upward momentum is not very strong. Therefore, if the key resistance level above has not been broken, it is best not to rush to go long, as the market may face pressure and pull back again. Currently, the market is experiencing wide fluctuations in the short term, and there are no signs of breaking out yet. Technically, the Bollinger Bands are tightening, and the price is oscillating near the middle band, with unclear short-term direction for bulls and bears. So today, the focus can be mainly on shorting. Morning operation suggestion: 1️⃣ BTC: Short in the range of 108000-108500, target around 107000. 2️⃣ Ether: Short in the range of 4400-4450, target around 4350.
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Morning thought analysis
From the 4-hour chart, the Bollinger Bands are narrowing, and the price is slowly moving up along the 5-day moving average, but the upward momentum is not very strong. Therefore, if the key resistance level above has not been broken, it is best not to rush to go long, as the market may face pressure and pull back again. Currently, the market is experiencing wide fluctuations in the short term, and there are no signs of breaking out yet. Technically, the Bollinger Bands are tightening, and the price is oscillating near the middle band, with unclear short-term direction for bulls and bears. So today, the focus can be mainly on shorting.
Morning operation suggestion:
1️⃣ BTC: Short in the range of 108000-108500, target around 107000.
2️⃣ Ether: Short in the range of 4400-4450, target around 4350.