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Thursday Night Outlook: Maintain a Bullish Position at High Levels
Bitcoin (BTC) is showing weakness, struggling to break above the minor midline, with insufficient bullish momentum and dominance shifting to the bears. The four-hour chart indicates a sideways decline, constrained by the middle Bollinger Band, suggesting a bearish trend.
Trading Recommendations:
- Bitcoin (BTC): Short at 103,500–104,000, target 102,000, with a break below targeting 100,000
- Ethereum (ETH): Short at 3,450–3,500, target 3,300 and 3,250, with a break below targeting 3,150
$BTC $ETH