Tuesday Morning Outlook

Here, there is no calm water boiling frogs; only adrenaline-fueled madness. You will face a thrilling rollercoaster of wealth—seize the opportunity, and you might rewrite your destiny to become a legendary figure of wealth admired by all. Last midnight, Bitcoin showed a volatile upward trend, initially rising from the 104,613 low to the 106,246 high, then encountering resistance, followed by a slight pullback to the 105,202 low. Near the morning, the price rebounded again to the 106,200 high. Ethereum's price last midnight also moved from the 3,505 low to the 3,582 high before pausing for a correction, then fell back to the 3,527 low in the morning before rebounding again. Last midnight, Sheng Ge provided a bullish outlook in advance and simultaneously entered long positions on Bitcoin and Ethereum, respectively around 105,056 and 3,522, taking profits near 105,911 and 3,552. Bitcoin's longs gained 900 points, and Ethereum's longs gained 30 points.

Based on the current market, the four-hour chart shows that after two consecutive bearish candles, there was a rebound with two bullish candles. However, the strength of the rebound appears weak, and the bulls' momentum has yet to push prices to previous highs. Additionally, the MACD histogram remains shrinking above the zero line, indicating a potential overall correction. On the one-hour chart, the pattern shows two bullish candles followed by one bearish candle, gradually trending upward. However, the Bollinger Bands have not expanded with the current rally, suggesting that bullish momentum is weakening. Without sustained upward volume, we maintain a bearish outlook.

BTC: Short around 106,300, target 105,000
ETH: Short around 3,580, target 3,500-3,480