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Afternoon BTC Ether analysis
Recent market conditions are like this, with a tug-of-war between bulls and bears reaching a fever pitch. We just need to find the right points to leverage greater profits. After yesterday's pullback, the BTC price plunged, and the low point again came to around 118050, which means we have given back the upward space from yesterday. We plan to enter short at 119226 and exit when it drops to 118560, securing a space of 666 points. From the short-term one-hour chart, after hitting the lowest point in the morning, it has stabilized and oscillated around 118700. The Bollinger Bands are narrowing, indicating that there won't be a significant breakthrough in the short term. The four-hour technical analysis still presents a downward trend. We will stick to our morning strategy, and the overall direction remains unchanged; a brief decline is still expected, so we can continue to enter short positions.
Short BTC at 118700-119200, target around 117200; short Ether at 4300-4330, target around 4200. #BTC重返12万#