The morning market has been in a rising state, but the highest point of the rise has only touched the 95,800 line, and has not reached 96,000. This also successfully became our entry point for short positions. We entered the market in a timely manner at the high point, and we must be patient in our medium to long-term strategy and not rush into the market. Currently, the price is approaching around 95,500.
From the hourly chart perspective, the bullish volume is about to complete. The upward push has formed a direct suppression around 90,000. Ethereum is also hovering around 3,450 without breaking through. This clearly indicates that the pressure level above is too strong. After this, our entry for short positions becomes a perfect entry point. Friends who are skeptical can observe from the sidelines. In the afternoon, I will continue to be bearish, just maintain good defense. #比特币走势观察 $BTC $ETH
Bitcoin strategy: Short around 95,500-96,000, target 94,000.
Ethereum strategy: Short around 3,450-3,470, target 3,350.