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In the crypto world, patience is golden, and time will prove the value of perseverance. On Saturday, Bitcoin's market showed a narrow range of fluctuations. In the morning, the Bitcoin price faced resistance after reaching a high point around 117828, and by the afternoon, it fell back to a low point around 117112 before stopping its rebound. Ethereum's market moved in sync with Bitcoin, with the price reaching a high point around 4488 in the morning before facing resistance and retreating. Similarly, in the afternoon, the market touched a low point around 4373 before entering a phase of consolidation. In the morning, Brother Sheng simultaneously set up long orders for Bitcoin and Ethereum, entering around 117151 and 4424, respectively, and exiting around 117770 and 4479, with Bitcoin long orders making a profit of 600 points and Ethereum long orders making a profit of 55 points. In the evening, the Ethereum short order set up during the market was entered around 4451 and exited around 4391, achieving a profit of 60 points.
According to the current market situation, the four-hour level shows that the price is running above the lower Bollinger Band and moving quite slowly, with both long and short positions lacking strong continuation. Coupled with a small volatility base, the market has entered an adjustment phase of time for space. From the one-hour level, after breaking above the middle Bollinger Band, the pace has slowed down, showing alternating small downward and upward movements. Neither the long nor short sides have formed a strong one-sided trend. Currently, the market has entered a tug-of-war stage between both sides, with the overall trend still oscillating around the range. Therefore, in the midnight operation, we will continue to maintain the idea of high short and low long positions.
You can short Bitcoin near 118000, targeting 116500.
Short order near Ethereum 4430, target at 4350.
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