$BTC Good morning everyone, it's another night of intense battles with the brothers. In fact, the market conditions tonight are not that significant, so why do we need to monitor the market in real-time? The reason is simple: some people think that fluctuating markets are easy to trade, but I want to say that often it is during these fluctuating conditions that technical skills are put to the test, which not only examines your courage but also your ability to control entry points and manage risk. I maintained a high-level approach throughout the night, with both long and short positions established, exiting with profits. Currently, Bitcoin has rebounded to around 87700, and Ethereum has reached around 2970.
From a technical analysis perspective, there is a demand for a rebound at the hourly level. During the night, the price tested the 86000 level three times without a significant break, only briefly touching it before bouncing back. Additionally, a long lower shadow has formed, indicating that the lows are continuously rising. However, it is important to note that at the four-hour level and on larger daily charts, the price remains in a weak structure. This indicates that the overall pattern has not yet reversed; we can only say that we are in a consolidation phase under a bearish trend. The morning operations will still focus on high short positions.
In the morning, Bitcoin can be shorted around 88200-88500 with a target at 86500.
In the morning, Ethereum can be shorted around 3000-2980 with a target at 2850.
