The faith you planted in the bear market will eventually blossom into wealth in the bull market. Last night, Bitcoin touched the lowest point of 68884 and oscillated up to the highest point of 71028. The Ether touched the lowest point of 2102 and rose to this morning's highest point of 2168.
From the one-hour cycle of Bitcoin, this round of upward movement has reached a short-term rebound high point, followed by pressure and a decline, forming a local double-top structure on the chart. Currently, the price of the coin is narrowly consolidating around 70822, unable to break through the previous high. The price previously tested the upper Bollinger Band before encountering resistance and retreating, currently oscillating around the middle band, with the upper band providing significant resistance and the lower band around 68966 offering temporary support. The Bollinger Band is narrowing, indicating that short-term volatility is decreasing, and the market will soon choose a direction. The short-term moving averages are turning downward, with the coin price operating below the moving average system, indicating a weak short-term trend, and the morning strategy is primarily bearish.
Morning operation suggestion
Short Bitcoin near 71800, target 69500
Short Ether near 2190, target 2130$BTC
