Thursday morning thoughts

Stop lingering on the shore, for wealth never favors the timid and cowardly. Dive into the crypto contract market, unleash your inner desire for wealth, and with your wisdom and courage, write your own wealth legend! Yesterday at midnight, the Bitcoin market showed a pattern of first declining and then rising, with the price first dropping to a low point of 88564 around midnight before halting, then rebounding and recovering, reaching a morning high of 91488. Ethereum followed a similar trend to Bitcoin, with the price dropping from a high of 3104 last night to a low of 2873 around midnight before rebounding, reaching a morning high of 3023.

According to the current market situation, the four-hour level shows that after a continuous decline, the price has rebounded significantly. The price is gradually warming up towards the middle track of the Bollinger Bands, but the three tracks of the Bollinger Bands still maintain a downward trend. The trading range has been in a downward channel, so the rebound does not signify a reversal, and the bearish pattern remains solid and unchanged. From the one-hour level, the price has gradually rebounded and broken through the middle track of the Bollinger Bands. The bullish momentum indicates a strong potential for further upward movement. However, considering that the recent high points after the rebound are continually declining, and the low points after the retracement are consistently being refreshed, it is difficult for this round of rebound to surpass a previous high point. Additionally, a long upper shadow has appeared above the current bullish candlestick, indicating that selling pressure still exists in the short term. Therefore, in our morning operations, we should proceed with a strategy of shorting after the rebound.

BTC: Short near 92000, target at 90000
ETH: Short near 3050, target at 29000 1928374656574839201#逆势上涨币种推荐