Last night, Bitcoin experienced a double kill for both longs and shorts in the early hours. Here, the four-hour chart has made a new high, and there is divergence in the lower time frames. The key level for bulls remains at 101500. We still need to observe whether Bitcoin will continue to oscillate within the 101500-105000 range on the daily chart or directly decline on the daily chart, requiring more confirmation of the price movement. The Ethereum trend follows Bitcoin, and it has not effectively broken below 2400 for now. If today's daily close is below 2400, it will trigger a daily correction. Wishing everyone smooth trading! #BTC #ETH #PI
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Morning Analysis:
Last night, Bitcoin experienced a double kill for both longs and shorts in the early hours. Here, the four-hour chart has made a new high, and there is divergence in the lower time frames. The key level for bulls remains at 101500. We still need to observe whether Bitcoin will continue to oscillate within the 101500-105000 range on the daily chart or directly decline on the daily chart, requiring more confirmation of the price movement.
The Ethereum trend follows Bitcoin, and it has not effectively broken below 2400 for now. If today's daily close is below 2400, it will trigger a daily correction. Wishing everyone smooth trading! #BTC #ETH #PI