Life is like the alternation of day and night; after darkness comes light. The beginning of a rising trend always extends from a relatively low point. Enduring through difficulties, the light will eventually arrive.

Yesterday, after a strong bullish close in the early morning, the market hit 115600 and stopped under pressure. After rising, the Bitcoin price slightly retraced and provided a second round of upward testing, but remained at the 115000 mark. In the afternoon, the Bitcoin price continued to close in the red, with a minimum touching 112582 in the evening. Although we did not capture the pullback of the bearish trend, the rebound strategy we laid out successfully gained 43 points, while Bitcoin gained 1256 points. After hitting the bottom in the early morning, the market rebounded and recovered, and by the morning, it had warmed up to above the 114000 mark. Currently, the Bitcoin price is running around 113600.
In the last four hours, the momentum of the price rising has slightly weakened. A large bearish candle during the afternoon directly ended the previous upward rhythm, but the current round of correction is limited. After the price retreated to around the middle track, it encountered support and rebounded. The current four-hour K-line is about to close, and the small bullish candle pattern indicates that bullish momentum has clearly weakened. However, the lower shadow line also indicates that there is some support strength below. In terms of indicators, the MACD energy bar continues to shrink, and the divergence between the fast and slow lines has eased, but the overall market is still dominated by bears. Therefore, the short-term bearish view remains unchanged, and it is recommended to focus on shorting during rebounds.
Bitcoin: Short around 114500, target 112000
Ethereum: Short at 3630-3600 Target 3500 #BTC# #ETH#