, Bitcoin, Ethereum morning analysis

On Thursday, the market showed an overall downward trend, with Bitcoin rising to 114797 in the morning before retreating, and Ethereum similarly falling back after hitting a high of 4370. There was a brief rebound during this period, but the bullish momentum was insufficient, with each rise followed by a pullback, and the pullback being stronger than the rise, indicating that the bears are stronger than the bulls. Overall, this trend has also provided us with multiple opportunities for both long and short positions.
From the daily chart of Bitcoin, the overall situation remains unchanged, still dominated by bears. After a brief rebound on Wednesday, the trend is still downward. Currently, there is a support level around 119000 where a brief rebound may occur; looking at the four-hour level, there is a continuous tug-of-war between bulls and bears. After a series of five consecutive down days, the price is also in a rebound trend, but the strength of each upward move is not significant. Overall, we can short at high levels.
Short Bitcoin at 112500-113000, target around 111000;
Short Ethereum at 4250-4280, target 4100. #加密市场反弹 #加密概念美股普涨