The history of the crypto world has countless times proven that no matter how severe the fluctuations are, they will ultimately return to calm, and true value will always reveal itself through the test of time. Last midnight, Bitcoin's market showed a fluctuating upward trend, with the price rising from a low of 93547 last evening to a high of 94517 before stopping, and currently, the price has dropped below 94000. Similarly, Ethereum's market gradually rose after touching a low of 1781 last evening, and after reaching a high of 1808 in the morning, it has seen a slight pullback.

Based on the current market situation, the four-hour timeframe shows that after breaking through the middle band of the Bollinger Bands, the bulls have provided some rebound, but the strength of the rebound is not very strong. Combined with the previous multiple rebounds by the bulls, there has not been a significant breakthrough. Since the bulls' volume is insufficient, it indicates that the signal for a decline has already sounded. From the one-hour timeframe, the market has approached the lower band of the Bollinger Bands, indicating that the downward trend has begun, and the bears are starting to gain volume. We just need to patiently wait for the bears to further exert their strength and break through.
Bitcoin can be shorted around 94000-94500, aiming for 92500.
Ethereum can be short near 1805, targeting 1740.
#BTC近期能否重返100k?#