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#BTC# In the morning, the overall trend of Bitcoin’s market showed a relatively stable downward trend, continuously hovering within a range. Although there were slight increases during the process, they were quickly suppressed by strong bears, resulting in fluctuations within the range. Ether, on the other hand, went against the trend of Bitcoin, showing an overall upward trend. It gradually descended from the morning high of around 3710 to the lower range of 3640, followed by a slow rise starting in the afternoon. During this period, Bitcoin was shorted near the low of 115100 and closed around 114400, gaining over 700 points. Ether entered a short position near 3710 and exited around 3640, securing a profit of over 60 points. Subsequent arrangements will continue to occur, making money without stopping.
Looking at the 4-hour chart, the range of Bitcoin shows a trend of downward expansion, with the price operating below the middle track, indicating a weak pattern. The RSI indicator is also below the midline, suggesting that the market is in a bearish trend. In the hourly chart, Bitcoin's price shows a clear downward channel. Although there is currently a consecutive bullish state, the upper shadow line is significantly increasing, and the highs are constantly updating the lows, with the points also continuing to decline. The strength of the bulls will always be suppressed by the strength of the bears, making it difficult to see a significant rebound in the short term.
Shorting BTC in the range of 115100-115600, looking near 114100. Shorting Ether in the range of 3720-3750, looking near 3620. #eth#