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Morning Bitcoin and Ethereum trading suggestions and direction sharing
Looking back at the midnight market of Bitcoin, the 1-hour level shows that the framework remains largely unchanged. In the evening, it continued to dive down to around 113111, where it stopped falling. Multiple tests of the support point below remain solid, and the bearish momentum is weak, providing an opportunity for a bullish reversal. Currently, it has rebounded to around 113800. From the current market situation, after a short-term increase in volume, the high-level consolidation has not further broken the highs, but there has also been no retreat after probing higher. The local correction still maintains a strong performance. Although the performance remains strong, the short-term indicators have entered the area of top divergence, indicating a need for adjustment. With the previous continuous increase in volume, the current sideways movement is not high, and a volume increase can easily lead to a peak. After the volume increase at the tail end, it is advisable not to chase the rise or the highs. The current rhythm may still be accompanied by repeated fluctuations at high levels, and it may first probe to new highs before retreating again. The operation will test the ability to respond in real-time, and based on the formation, arrangements can be made for short positions after sharp rises.
Sell Bitcoin around 114300 to 113800, target focus on 112000.
Short near 4360 to 4330, with a target focusing on 4250 first.
#BTC# #ETH#