Many things happen naturally and cannot be rushed or forced. Any beautiful state will not easily come to fruition. Only after enduring the hardships of the present will the sweetness of the future arrive in due course, allowing you to enjoy it with peace of mind. The overall intraday trend has not fluctuated much, and neither the bulls nor the bears have provided strong continuation signals, until the evening when the price dropped again. The intraday high reached around 88477 before experiencing a volatile decline down to the low of 866280. In the early morning, a rebound in shorts was anticipated, and there were ample opportunities to seize, with multiple short positions leading to substantial gains. A total of 1656 points were captured in short positions, and Ethereum also has a space of one or two hundred points available. The number of short positions in the early day was relatively high, and without detailed counting, a rough estimate shows such gains. The recent high profit rate is still maintained, and those who wish to participate can always find this side.



The daily chart still shows a tug-of-war between bulls and bears. As the price on the chart tests the resistance above 89000 again, although it has not broken through in the short term, the upper pressure zone will face a significant test. This is also a clearly strong pattern, with small cycle patterns visible. The chart shows a trend of oscillating downwards, with lows gradually moving down and highs maintaining at similar levels. The short-term pressure is at the 90000 line. Obviously, the upward momentum is difficult to counter the downward trend, and bears are gradually gaining the initiative. Once the position of 85500 is broken through again, it is an inevitable trend to push forward. In addition, the repeated tests of the same pressure point indicate that the pressure exerted by this point continues to be effective.

In the evening, the Bitcoin price is directly shorted around 87500-87800, with the first target at 85500. Ether is directly shorted around 2920-2940, with the first target at 2800.
BTC-0.09%
ETH0.38%
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