Last night to early morning. Bitcoin price also welcomed a qualitative leap. In the early morning, the price peaked at around 99,450, followed by a slight pullback. Overall, the price has shown a phase of high-level volatility and consolidation during the day. Currently, the Bitcoin price is running around 98,600. As for Ethereum, it surged to around 3,539 early this morning, and then relied on volatility as the main trend during the noon. In the evening, the price surged again to around 3,547 but faced resistance, quickly followed by a pullback. The lowest initial line was around 3,455.
From the 4-hour level line, after a large solid bullish candle was formed, the 4-hour level line showed volatility, accompanied by long wicks. The market in recent days has also been driven by the U.S. stock market. After the price surged, it has shown high-level volatility and consolidation. Both bullish and bearish movements are relatively weak. In the evening, we can first pay attention to short positions during the pullback before participating in low long positions.
Operation Suggestions
Bitcoin short position around 98,800, target 97,500
Ethereum short position around 3,480, target 3,400
