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The afternoon market saw bulls increase volume again and push higher, currently pressured near the 71500 high. After the bulls increased volume, it contracted again, now maintaining around key resistance levels. We're at a critical node for distinguishing between bulls and bears through oscillation, about to differentiate based on volume. However, before the key resistance above breaks, volume strength will remain lacking. Ethereum increased volume to a new high spike at 2190, currently contracting and pulling back around 2180. Friends who entered at high positions this afternoon in line with our strategy can continue holding positions.
Looking at the 4-hour chart, the daily session recently has consistently stayed in the 71000-72000 range, with price action maintaining between the middle and upper Bollinger bands. However, the Bollinger bands are currently flattening, with the highs not being tested further. Bulls are in a volume contraction phase with support space below. Currently in an accumulation phase before directional differentiation, at key resistance levels. Operationally, we continue with high shorts.
Bitcoin can short around 71300-71800, targeting around 70000. Ethereum can short around 2180-2200, targeting around 2100. #加密市场回涨 $BTC $ETH