Yesterday evening to early morning. The Bitcoin price also welcomed a qualitative leap. In the early morning, the highest price reached around 99450, followed by a slight pullback. Overall, the price has shown a phase of high-level fluctuations and consolidation during the day. Currently, the Bitcoin price is running around 98600. As for Ethereum, it surged to around 3539 in the early morning, then relied on fluctuations as the main trend during the noon. In the evening, the price surged again to around 3547 and faced resistance, quickly coming back down after hitting a high. The lowest point was around 3455.
From the 4-hour level, after a large solid bullish candle was formed, the 4-hour level has shown fluctuations, accompanied by longer wicks. The market in recent days has also been driven by the U.S. stock market. After the price surged, it has been showing high-level fluctuations and consolidation. Both long and short trends are relatively weak. In the evening, we can first pay attention to short positions on pullbacks, and then participate in long positions at lower levels.
Operation suggestions
Bitcoin can short around 98800 Target 97500
Ethereum can short around 3480 Target 3400
