Difficulties are like giant boulders lying in front of the road. If you shrink back, it will forever be an insurmountable barrier; if you lift your foot to move, chisel, or tread on it, you will eventually carve a path on it. Don't be afraid of the stormy road ahead; those things that cannot defeat you will ultimately become the patterns on your armor. Every time you grit your teeth and persevere, you are accumulating strength for your future self; every time you face difficulties head-on, you are proving to the world that you are stronger than you think. Move forward bravely, even if you walk a little slower, it's still closer to the distance than standing still and complaining. Today is also Thursday, good morning everyone. Looking back at the overall market trend in the early morning, Bitcoin's price experienced a pullback and range-bound movements after the adjustment, with the 118000 level as the battleground. Ethereum continues to show a stair-step downward trend in the early morning.

From the daily perspective, Bitcoin shows an alternating trend of ups and downs. Although the three lines are opening upward, the rebound high has not exceeded the previous day's high, and the MACD bullish momentum is decreasing. The KDJ has formed a death cross and is heading downward, while the RSI is moving lower, indicating insufficient short-term upward momentum and the pressure of a pullback. From the hourly perspective, a wedge rebound structure has formed, and the current price is at the sloping end of the consolidation area, resembling a converging triangle, facing a directional choice. If it breaks downward, it may trigger a bearish trend. On Thursday morning, Lao Chen suggested to focus on shorting around the high positions.

Short Bitcoin at 118800-118500 Target 116500
Short Ethereum 3640-3620 Target 3500 #BTC# #ETH#