Thursday Morning Outlook

With wisdom and decisiveness, ride the market waves, embrace the myth of sudden wealth, and start your own brilliant wealth legend. Feel the ultimate thrill of heartbeat acceleration! Last night, Bitcoin showed a narrow fluctuation pattern, initially rebounding to around 102,127 before facing resistance and falling back. By midnight, the price dipped to around 100,746 before rebounding again, and this morning, the market recovered to around 109,143. Ethereum's price moved from a high of about 3,455 down to a low of around 3,370 before stopping, then rebounded to around 3,438 and has been oscillating within a small range.

Based on the current market, the daily chart indicates a trend of two consecutive bearish candles gradually approaching the lower Bollinger Band, which remains open downward. The overall price movement has entered a downward channel. The frequent upper shadows on the bearish candles suggest strong selling pressure above, making it difficult for bulls to gain momentum in the short term. On the four-hour chart, after breaking below the lower Bollinger Band, bulls attempted a rebound, but the rebound strength appears weak, with limited volume to recover upward. Therefore, the overall trend is unlikely to change significantly. For early trading, we maintain a strategy of shorting on rebounds after minor upward moves.

BTC: Short around 102,500, target 100,500
ETH: Short around 3,450, target 3,330