Thursday, fluctuating trend, short in the morning

Yesterday, Bitcoin rose slowly after a pullback in the 92800 area during the afternoon, and the price of the coin faced pressure after reaching the 95100 line, subsequently falling back. Currently, the market is fluctuating around the 94600 area. As for Ethereum, it is moving in sync with Bitcoin, currently around 3360.

From the perspective of the market, it has faced pressure and has shown a pullback. The price is continuously fluctuating back and forth within a range, with strong volatility. This kind of range-bound movement is expected to continue in the short term. Although the price has shown small upward movements in the 4-hour chart, the momentum is clearly limited, and the overall trend still maintains a broad fluctuation rhythm. In the future, unless there is a breakout from this range, in the short term, it is advisable to take short positions at high points and then go long after testing the support below.

In the morning, short Bitcoin near 94700-95000, with a target around 93000. Short Ethereum near 3380, with a target around 3300. $BTC $ETH $BNB

Thinking is a problem, action brings answers. Standing still makes you a spectator. How will you choose? A new year, a new beginning. Stop making baseless guesses; you will only hurt yourself. If things go well, let’s charge together!