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The evening market once again showed volatility, as the news connected with the opening of the US market, leading to a noticeable fluctuation in the market. BTC first rose to 118,400 but then faced pressure, dropping to 115,600. ETH reached a high near 3,060 before retracing to around 2,960. It continues to show the pattern of rising and then falling. We strategically positioned ourselves, not counting short-term trades. We shorted BTC around 117,800 and took profits at 116,300, capturing nearly 1,500 points in the range. We used our practical experience to grasp the market situation, steadily laying out our strategy and letting the results speak for themselves.
BTC daily line structure shows pressure on the price, leading to a large bearish candlestick downward. The candlestick returns within the Bollinger Bands, the bearish candlestick body shrinks, and the weak market has improved somewhat. In the four-hour structure, the price moves in a staircase-like downward trend, lingering in a downtrend. The candlestick shows a downward contraction, gradually forming a tower bottom or V-shaped structure below. In the one-hour structure, the price shows a bullish warming trend. Although MACD is negative and below the zero axis, it has significantly reduced. The strength of the market is evidently weak. Overall, looking ahead, BTC is expected to slightly retrace and attract buying, with ETH following the same trend.
Buy BTC around 116300-115800, target around 118000; buy ETH around 3025, target around 3070.