After a strong pump in the morning market, the long positions' momentum has shown signs of exhaustion. Bitcoin failed to hold above the new high of 115,800 and quickly pulled back to around 115,700, forming a typical "high and pullback" pattern alongside Ether, indicating that a temporary top has formed, with significant selling pressure above, and a technical pullback has begun.



The core idea should shift to shorting on rallies. Any subsequent rebound towards the morning high area, for example, Bitcoin approaching 116,000-116,200, is an opportunity to position for short orders. The primary downward target can be seen at the 115,000-114,800 support range, and it is essential to set a stop loss above the recent high to control risk.

Bitcoin strategy: short around 115500, target 114500
Ether strategy: short around 4180, target 4100#比特币行情分析 $BTC
BTC-1.19%
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