From the 4-hour trend, BTC is now rising to around 106500, the pressure here is particularly high! Previously, it quickly rebounded to a high level, but if it can't break through this barrier, the market may turn down at any time.
The current indicators are all 'alarmed': the short-term moving average has started to flatten, the price has risen too sharply and has already 'disconnected' from the indicators, which is a typical overbought market. Although the MACD is still strong, the fast and slow lines have not truly formed an upward trend. Moreover, BTC has tried several times, but has not broken through the resistance level of 106800 on the Bollinger Bands, indicating that it is really difficult to cross this hurdle. Ethereum is similar, and there is a lot of pressure at the 2450 level. Today, it is recommended to short while the price is high: Short around 106500 near the pancake, target is 105200 - 104300 Short Ethereum around 2450, target to see 2410 - 2370 Remember, don't bottom fish easily as long as the upper resistance is not broken!
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From the 4-hour trend, BTC is now rising to around 106500, the pressure here is particularly high! Previously, it quickly rebounded to a high level, but if it can't break through this barrier, the market may turn down at any time.
The current indicators are all 'alarmed': the short-term moving average has started to flatten, the price has risen too sharply and has already 'disconnected' from the indicators, which is a typical overbought market. Although the MACD is still strong, the fast and slow lines have not truly formed an upward trend. Moreover, BTC has tried several times, but has not broken through the resistance level of 106800 on the Bollinger Bands, indicating that it is really difficult to cross this hurdle.
Ethereum is similar, and there is a lot of pressure at the 2450 level. Today, it is recommended to short while the price is high:
Short around 106500 near the pancake, target is 105200 - 104300
Short Ethereum around 2450, target to see 2410 - 2370
Remember, don't bottom fish easily as long as the upper resistance is not broken!