Thursday, oscillating style, short in the morning

Yesterday, Bitcoin rebounded after hitting the 92800 area in the afternoon, and the price moved upward in a slow rising pattern. Last night, the big coin faced pressure after reaching the 95100 line and then fell back. Currently, the market is oscillating around the 94600 area. As for Ethereum, it is following the trend of the big coin and is currently around 3360.

From a structural perspective, the market is under pressure and has pulled back. The price is continuing to fluctuate back and forth within a sustained range, with a strong oscillating sentiment. This kind of range-bound movement is expected to continue in the short term. Although the price has shown a series of small upward movements on the 4-hour chart, the momentum is clearly limited, and the overall trend remains in a wide oscillating rhythm. In the future, without breaking out of this range, it is advisable to take short positions first with high leverage, and then go long after finding support below.

In the morning, the big coin can be shorted around 94700-95000, with a target around 93000. For Ethereum, it can be shorted around 3380, with a target around 3300. $BTC $ETH $BNB

Thinking is a problem, doing has the answer. Standing still makes you a spectator. How will you choose? A new year, a new beginning. Stop making wild guesses, as it will only hurt yourself. If things go well, let’s charge together!