Last night, Bitcoin hit support at 89200, and as the US stock market was about to close, funds forcefully pulled it up, rebounding all the way to 93547, completing a technical repair in one go.
Ethereum's rhythm was almost in sync: it rose from 3142 to 3272, showing a high degree of consistency, basically belonging to a rebound structure rather than a trend reversal.
Let me break it down for you guys💥
The four-hour chart continuously shows bullish candles, but each one is rubbing against the middle Bollinger band, a typical 'repair without reversal' structure.
Bulls want to rush, but the overhead resistance is too strong, making it difficult to turn things around in the short term.
Now, looking at the one-hour chart:
Although the MACD is brewing a golden cross, it is a volume-constrained golden cross, and the momentum is not solid enough, so the probability of a short-term pullback remains higher.
In other words, this upward movement is an opportunity given by the bears, not a signal from the bulls.
The strategy is very simple, don't overthink it:
Bitcoin continues with a high short strategy, directly shorting between 92700-93200, targeting 90000, a clean cut structure.
Ethereum similarly executes a rebound short, with significant resistance above at 3250-3270, looking for a short-term pullback to 3130.
The market is still in a repair range, with no trend; don't chase or rush.
Profit from the high shorts that should be taken, don't hesitate.
