The Bitcoin market had a strong offensive yesterday from the bulls. After the price hit the 98,000 line in the early morning this morning, it retreated slightly. The current price is fluctuating in the 965,000-97,500 range. Even if it is fluctuating in the range, the market is also showing a slow decline, which is exactly in line with our bearish thinking in the morning. After the Ethereum price hit the 3511 line yesterday, the price retreated to the 3420 line in the morning and then rebounded. At present, it has given a trend of oscillating operation.

From the four-hour level line, the current price is still under pressure below the middle track of the Bollinger band, but the short-term trend is slightly strong, with a large rebound space, and a certain correction has been made to the downward trend of the 4-hour level. In the short term, the market is still unclear. Whether it will continue to fall under pressure or rebound further remains to be observed in the evening. In the afternoon, we will first focus on the retracement strength and go short first and then long.

Operation suggestions

Bitcoin can be shorted near 97000, target 95800

Ethereum can be shorted near 3460, target 3400

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