Analysis of the market situation updated on the afternoon of the 29th. We positioned ourselves for a high short followed by a low long, and Bitcoin successfully reached the expected target, yielding good profits. Congratulations to those who followed along.

Currently, after the closing in the early morning, looking at the 4-hour chart, Bitcoin is running near the lower Bollinger Band, with the MA 5, 10, and 30-day moving averages resonating downwards. In terms of indicators, the MACD is slightly expanding below the zero line, and the KDJ three lines are forming a high-level downward pattern. Combined with the hourly chart, it indicates that the current bullish momentum is continuously weakening, and the price is very likely to return to a downward channel. Overall, Bitcoin is leaning towards a short-term oscillation and retracement sentiment. The resistance at the high point is referenced at the 108500-110000 range, so my personal view in the early morning is to maintain a high short strategy, which seems more prudent.

Operational strategy: Short at 107500, add to short at 108500, target: 106500-105500, stop loss at 108800.

Ethereum currently shows an overall trend diverging from Bitcoin. Looking at the 4-hour chart, the current price is still running above the middle Bollinger Band and the MA 30-day moving average. Additionally, on the daily chart, Ethereum lags behind Bitcoin by several cycles. Although short-term indicators lean towards a resonating decline, the bearish sentiment weakens as it touches the support of the MA 5-day moving average on the daily chart, indicating that there is still some support around the 2620 level in the short term. Therefore, my personal view in the early morning is to maintain a low long followed by a high short strategy.

Operational strategy: Long at 2620-2590, target: 2670-2720, stop loss at 2570.
The high short point will be given after a pullback.
For the short-term trend, this is expected to be sufficient, and I will continue to follow up later.
This personal view is for reference only. There may be delays in article review and push notifications, and the market changes rapidly. Specific entry and exit points should be based on real-time guidance. Please be cautious when entering the market. Analysis is not easy, and I welcome everyone to like and follow the public account for surprises!

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