Last night, the price began to fluctuate within a certain range, followed by a noticeable price rise, reaching the highest point in 24 hours at 119600 and breaking through, showing that long positions gained the upper hand for a short period. However, this upward trend did not last long. By early this morning, although the price struggled a bit in between, short positions gradually took control, causing the price to pull back, resulting in several Bearish lines, and the price gradually declined. Overall, there was a significant fluctuation between the highs and lows of yesterday's BTC market and the market early this morning, reflecting the instability of the market and the fierce competition between both sides. A BTC short order was entered around 118500, securing a space of 900 points for exit near 117600; Ether successfully shorted around 3700, gaining more than 70 points in profit. Although the final price yesterday rebounded compared to the lowest value, blindly following the trend may backfire.

Looking at the hourly chart, the price has experienced a downward trend after a five consecutive Bearish lines in the early morning. Although there was a temporary easing in between, it soon resumed the current state of consecutive Bearish lines. Although the overall trend is downward, after the darkest moments, brightness will come unexpectedly. Switching to the 4-hour chart, it is still showing a downward trend with three consecutive Bearish lines, failing to form a sustained upward push, and the overall operating range is relatively narrow. This belongs to the process of balancing Yin and Yang in the market. In the short term, affected by the inertia of the downward trend, the power of long positions is slowly accumulating momentum, and a different trend is expected to arrive.
BTC can be bought at 116000-115500, looking at around 118000; Ether can be bought at 3600-3570, looking at around 3680 #Gate ETH十周年回馈 #特朗普AI战略 #Gate Launchpad IKA上线 .