The afternoon market saw the bulls push higher again with increased volume, currently pulling up to around 71,500 facing resistance. The bulls' volume expansion contracted again, now trading at key resistance levels. We're at a critical inflection point for distinguishing between bullish and bearish momentum. A directional breakout is imminent, but until the upper key resistance is broken, the volume-driven rally will likely lack conviction. Ethereum surged with increased volume to a high of 2,190, currently pulling back with reduced volume to around 2,180. Friends who entered at higher levels this afternoon in line with our strategy can continue holding positions.
Looking at the 4-hour chart, the recent intraday white market has consistently held within the 71,000-72,000 range, with price action remaining between the middle and upper Bollinger Band. However, the Bollinger Bands are currently flattening, and the highs haven't been further tested. The bulls are in a volume contraction phase with some support below. Currently in an accumulation phase before a directional move, at a critical resistance zone. On the operational side, we continue with the high short strategy.
BTC can short at 71,300-71,800, targeting around 70,000. ETH can short at 2,180-2,200, targeting around 2,100. #加密市场回涨 $BTC $ETH
The afternoon market saw the bulls push higher again with increased volume, currently pulling up to around 71,500 facing resistance. The bulls' volume expansion contracted again, now trading at key resistance levels. We're at a critical inflection point for distinguishing between bullish and bearish momentum. A directional breakout is imminent, but until the upper key resistance is broken, the volume-driven rally will likely lack conviction. Ethereum surged with increased volume to a high of 2,190, currently pulling back with reduced volume to around 2,180. Friends who entered at higher levels this afternoon in line with our strategy can continue holding positions.
Looking at the 4-hour chart, the recent intraday white market has consistently held within the 71,000-72,000 range, with price action remaining between the middle and upper Bollinger Band. However, the Bollinger Bands are currently flattening, and the highs haven't been further tested. The bulls are in a volume contraction phase with some support below. Currently in an accumulation phase before a directional move, at a critical resistance zone. On the operational side, we continue with the high short strategy.
BTC can short at 71,300-71,800, targeting around 70,000. ETH can short at 2,180-2,200, targeting around 2,100. #加密市场回涨 $BTC $ETH