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11.10 Midnight BTC, ETH Market Analysis:
Earlier, a strong bullish candle broke through the upper Bollinger Band, reaching a high of 3563 points. The short-term rally was vigorous, but it was followed by a long upper shadow bearish candle, indicating that after the bulls' momentum was fully released, selling pressure gradually emerged above, and the market entered a correction phase.
Currently, market rebound momentum is lacking, and no substantial trend reversal has occurred. The movement is more inclined to "consolidate instead of decline." Bulls lack sustained upward driving force, and bears still dominate the market. Short-term trading should follow a strategy of shorting at highs, avoiding blindly chasing gains or following the trend.
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Trading Strategy: For BTC, short positions can be established on rebounds to the 104,500-105,000 range, with targets at 102,000 and 101,000. If it breaks below 99,300, consider following the trend; $BTC
For ETH, short positions can be established on rebounds to the 3,550-3,590 range, with targets at 3,390 and 3,260. If it breaks below 3,060, continue holding.