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Don't be afraid of failure, as failure is the stepping stone to success. In the crypto world, no one can sail smoothly; every fall is to rise better. When you learn from failure and temper your will through setbacks, you will find that you have become more resilient and mature. On Wednesday, Bitcoin's price experienced a pullback in the morning, dipping from a high of 104949 in the early hours to a low of 103409. Ethereum's price synchronized with BTC, falling from a high of 2738 to a low of 2622 before halting. In the morning, Sheng Ge provided a bearish outlook, and the market moved as expected. The short order for Ethereum was entered around 2697 and exited around 2637, capturing a space of 60 points.
According to the current disc, the four-hour level shows that the market has experienced two consecutive negative retracements after running to the middle of the Bollinger band, the KDJ indicator three lines turned downward and extended, and the MACD indicator value is also in the negative range, indicating that the bearish momentum is continuing to diverge, from the one-hour level, the market after the rebound of the two consecutive yang Bollinger bands to give strong pressure, the price once again entered the fall, the KDJ indicator three lines are at a low level and there are signs of bonding, the MACD histogram continues to be below the 0 axis and gradually becomes longer, This indicates that the bears' strength is gradually increasing, so in the afternoon we will maintain the idea of high altitude after the rebound.
You can short Bitcoin near 104000, targeting 102500.
Ethereum around 2680-2700 can be shorted, target looks at 2620.
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