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Good morning, frens. Influenced by the strong opening of the US stock market, the coin price saw a significant pump last night, reaching around 115,700. Subsequently, the coin price experienced a rapid decline after hitting a high, and it is currently undergoing sustained high-level fluctuations around 115,000. The current sideways consolidation is still ongoing. Our real trading layout yesterday captured a small space of 1,339 points, while in terms of Ether, we took a space of 105 points. Due to the impact of the news, we did not proceed with further layouts.
From the daily chart perspective, after the coin price fell below the middle track, it quickly rebounded above the lower track. Currently, the coin price is alternating between small bearish and bullish candles, and the market has once again entered a short-term range-bound oscillation rhythm. Both bulls and bears are in a state of stalemate, with the continuous downward movement of the moving averages and the slow and fast lines showing a gradual divergence. The daily level still has a further downward trend. From the four-hour chart perspective, after the coin price broke through the upper track resistance with a large bullish candlestick, it has formed consecutive bearish candles for a pullback. Although the pullback has not been significant, the continuous lower shadow lines indicate that there is certain support below in the short term. The MACD energy bars continue to show positive momentum. In the short term, bulls hold a certain advantage, and the slight pullback in coin price is more of a technical correction after a rapid rise. The coin price still has a tendency to rebound in the short term. Therefore, we will maintain the strategy of high shorts during the rebound.
Short on Bitcoin around 115500, pay attention to around 114000; short on Ethereum around 3700, pay attention to around 3600.
#BTC# #ETH# #GateioInto11#