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The fluctuations in coin prices are normal. As long as you have a long-term vision and a firm belief, you will surely reap your own wealth in the crypto world. On Monday afternoon, the Bitcoin market continued to oscillate within a small range, with the price first dipping to around 114112 before stopping to rebound. After the rebound touched around 114742, it faced pressure and fell again. The Ethereum market was similar, with the price rising from the afternoon low of 3519 to around 3572 before retreating.
According to the current market situation, the four-hour level shows that the price is moving between the middle and upper bands of the Bollinger Bands. The Bollinger Bands have begun to narrow parallelly, and the price is experiencing a struggle between bulls and bears. However, the KDJ indicator's three lines are turning down from a high position and gradually converging, indicating the potential formation of a death cross. Additionally, the MACD indicator's two lines are still operating below the 0 axis, suggesting that the overall trend is leaning towards a weak pattern. From the one-hour level, the price shows a downward oscillating trend. Although the price has experienced a three-day decline followed by a certain degree of rebound from the bulls, the rebound strength is not significant. The MACD indicator's two lines are extending downward, and the histogram is gradually expanding below the 0 axis. Therefore, in tonight's operations, we will maintain the idea of shorting after the rebound.
Short near Bitcoin 115000, target look at 113000
Short near Ethereum 3580-3600, target looks at 34800 #Alpha 积分系统上线#