The morning Bitcoin market surged quickly, reaching a recent high, breaking the consolidation pattern, and forming a strong unilateral trend. However, momentum subsequently slowed down, and the market entered a correction and recovery phase, oscillating within a stable range. At noon, we also provided a short-selling strategy, and the market generally followed our approach, with the rebound giving us the opportunity to enter short positions and complete our targets.
Bitcoin's daily chart has shown a pattern of probing highs and then retreating, currently in a consolidation phase. After the 4-hour level surged, there was a slight pullback, but the bearish candlestick has a long lower shadow, indicating that support below remains strong. The upper Bollinger Band is tilted, suggesting oscillation or correction, while the middle band shows a correction trend, with the price nearing the middle band indicating oscillation. Bitcoin's short-term volatility is significant, and we need to be cautious of sharp price fluctuations, while long-term attention should be focused on the implementation of Federal Reserve policies.
For Bitcoin, short positions are suggested in the 85500-86000 range with a target near 83000, while for Ethereum, short positions are suggested in the 1980-2100 range with a target near 1970.


