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Afternoon outlook for BTC and ETH
Current price 60468; within the day, it has strongly rallied from the low of 58294, surged to the high of 61322, and then pulled back. From the 4-hour chart, the price has stabilized above the middle Bollinger Band, with a strong short-term bullish sentiment, but the upper Bollinger Band at 61055 forms a clear resistance. After the surge, momentum has weakened.
Trading Suggestions
BTC: Short at 61000-61500, target 60000, break to see 59000
ETH: Short at 1650-1700, target 1600, break to see 1550
(Personal views for reference only; all trades are subject to actual market conditions)
#btc