Bitcoin and Ethereum are also near the upper Bollinger Band on the daily chart, with the Bollinger Bands opening parallel. For the past month, the candlestick patterns have been operating within a daily-level consolidation range, and this position is also near the upper resistance level of the daily-level consolidation range. Combined with the warning signals, shorting near the daily-level resistance is the most optimized operation. There is significant debate about whether the market can continue to break upward in the future. Based on the most intuitive information from the market, I personally suggest that shorting near the resistance level is a wise choice. When opening positions, pay attention to position management and a plan for incremental additions.

Moreover, Bitcoin and Ethereum have also shown multiple short-selling warning signals with TD9 and overbought conditions on the 2-hour chart. This indicator is exclusive to Bit Bear and has been running for three months, helping over three thousand traders improve their win rate by 80%. The warning signals are merely a reference for everyone; specific operational strategies should also consider individual trading habits and logic. Bit Bear is very willing to help more friends solve their trading anxiety.

If you have various trading difficulties, follow the public account - Bit Bear.

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