Enze: Bullish momentum is waning, BTC/ETH high-altitude strategy is in place

From the current market situation, it surged all the way yesterday but did not break through 70,000. The overall market is beginning to weaken, with strong resistance above, so maintain a primarily short position.

From the four-hour chart, it has now reached near the upper band of the 4-hour timeframe. Due to the pressure near the upper band, the MACD momentum is diminishing, and the Bollinger Bands are starting to move sideways. The transition from bullish to sideways conditions is now in place, so maintain a primarily short position.

Trading suggestions:

BTC: Short around 70,000-68,500, stop loss above 70,000, target down to 67,000-65,500.

ETH: Short around 2,180-2,130, stop loss above 2,200, target down to 2,030-1,980.

Reminder:

The above analysis is Enze's personal analysis. The market is ever-changing, so everything is based on Enze's actual insights!