The行情 of $BTC is like a roller coaster. When it rises, the account numbers soar, and greed makes one want more gains. But when it falls, profits are cut in half with a sudden drop. During a decline, there’s panic, fearing further losses, and after cutting losses, it suddenly rebounds, causing a total collapse of mindset.

In the afternoon, Bitcoin reached a high of around 118700, testing to break through 118800 twice but failed, and then fell back to around 118200, currently stabilizing around the 118400 area. Ethereum is in sync with Bitcoin's trend, showing an overall downward trend, with a high of 3876 before falling back to 3821, now consolidating around 3830. Teacher Da Bao is implementing short positions for Bitcoin and Ethereum according to the afternoon strategy, and is currently holding profitable positions.

From the 4-hour candlestick chart, recent candlesticks are alternating between bullish and bearish, but overall show a greater number of bullish candlesticks with larger bodies, indicating that bullish forces are gradually gaining an advantage. However, a short-term resistance level has formed around 118900. For further upward movement, bulls need to gather enough strength to break through this resistance. The current price is between the middle and upper bands of the Bollinger Bands, and the opening of the Bollinger Bands does not show an expanding trend, indicating that the market is still in a consolidation pattern in the short term, but there is a trend for the price to test the upper band. In the evening, we can focus on short positions.

Bitcoin: Short near 119000, target looking at 117000-116500

Ethereum: Short near 3880-3850, target looking at 3780#白宫数字资产报告