For Bitcoin, on the 3rd, a long lower shadow was formed, indicating strong support from buyers at lower levels; this was followed by two consecutive days of bullish candles, showing some recovery in market sentiment. On the 4-hour chart, the MACD histogram has gradually decreased from its peak and is currently near the zero line. In the short term, the market may enter a consolidation phase. For the current market, it is recommended to focus on high-position shorting.
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12.5 Morning Market Analysis
For Bitcoin, on the 3rd, a long lower shadow was formed, indicating strong support from buyers at lower levels; this was followed by two consecutive days of bullish candles, showing some recovery in market sentiment. On the 4-hour chart, the MACD histogram has gradually decreased from its peak and is currently near the zero line. In the short term, the market may enter a consolidation phase. For the current market, it is recommended to focus on high-position shorting.
Trading Suggestions
Bitcoin short at 92800-92500, target 91200-90000
Ethereum short at 3190-3160, target 3040-2980