After Bitcoin broke through 114,000 yesterday, the momentum was insufficient, leading to a pullback. The short positions entered around 113,500 are still held, while the medium-term long positions have taken profit. Overall, the outlook is for a downward adjustment. From the 1-hour K-line perspective, there is obvious pressure above the big coin, and it is difficult to break through 115000 in a short time. The operation suggestion is to focus on shorting. Although there was a pullback last night, it rebounded without breaking below 113000. If it falls below this level subsequently, a significant drop is expected.
Operating range: BTC: Short around 114000–114500, target 112500 ETH: Short around 4370–4420, target near 4500.
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9.11 Morning BTC/ETH Analysis:
After Bitcoin broke through 114,000 yesterday, the momentum was insufficient, leading to a pullback. The short positions entered around 113,500 are still held, while the medium-term long positions have taken profit. Overall, the outlook is for a downward adjustment.
From the 1-hour K-line perspective, there is obvious pressure above the big coin, and it is difficult to break through 115000 in a short time. The operation suggestion is to focus on shorting. Although there was a pullback last night, it rebounded without breaking below 113000. If it falls below this level subsequently, a significant drop is expected.
Operating range:
BTC: Short around 114000–114500, target 112500
ETH: Short around 4370–4420, target near 4500.