The current price of Bitcoin is around 92,000, with a daily candlestick forming a medium bearish line with upper and lower shadows. The upper band of the Bollinger Bands continues to open downwards, and the middle band has also started to open downwards again. The resistance above still exists. This wave rebounded from 83,786 to a high of around 94,185, and the rebound amplitude is not small. So no matter how bullish you are or how much you shout for 100,000 and 150,000, the bullish position can only be taken after a pullback; do not attempt to chase the price at high levels. If you chase the price before testing the resistance level, it is easy to hit the ceiling. The market is fluctuating, and precise control of the points is required, along with more patience and composure! The KDJ shows signs of a dead cross with three lines converging, and the RSI has been oscillating downwards after being overbought at a high level, so be cautious of the bulls being blocked and a significant downward pullback. Be careful with low buys, and chasing the price is like lighting a lantern in a latrine…
On the 4-hour level, the upper band of the Bollinger Bands continues to open downwards. The current price is about to test the support of the middle band, which, along with the lower band, is opening upwards. The MACD has shown divergence, and bearish energy is starting to increase. The KDJ has crossed downwards, and the RSI is oscillating downwards. On the hourly chart, all three bands of the Bollinger Bands are opening downwards, and the price rebound is being resisted by the middle band, about to test the support of the lower band.
For low buy positions at midnight, one entry is enough; after that, adjust to break-even. The intraday strategy is mainly for high shorts. If the price can reach high levels like 94,000 and 95,500, shorting would undoubtedly be the most cost-effective. However, the current market is somewhat weak, so temporarily do not consider chasing shorts. Watch for pullbacks to test the support below; it’s either high shorts or chasing shorts if it breaks down. This is today’s strategy. For low buys, be flexible; pay attention to the 90,000 level on the downside, which must not break. If it breaks here, the rebound ends, and the market will continue to adjust, then consider chasing shorts.
Ethereum also mainly follows a high short strategy. Pay attention to the resistance above at 3,220 and 3,300. If it can reach these levels, high shorts will be entered. Alternatively, if it effectively breaks below the 3,000 level, consider chasing shorts; this is the dividing line between bulls and bears.
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