Hello everyone, I am Lao Lu. Yesterday, the long positions for Bitcoin at 87000~86500 and for Ethereum at 2910-2880 have likely brought substantial profits to those who followed my analysis. The analysis and suggestions from a few days ago have also yielded significant gains!

Now let's take a look at today's market analysis. Currently, the market is in a high-level consolidation state, with a short-term resistance level around 3050. From a technical perspective, the RSI indicates an overbought condition, and the price is near the upper Bollinger Band. The trading volume has noticeably decreased, and momentum is weakening, suggesting that the market may face pressure for a correction.

Bitcoin shows a similar trend. In the past hour, the price has exhibited a fluctuating upward trend, with highs gradually rising. However, the daily chart shows that after a continuous rise, the rate of increase has weakened, indicating that the market may enter a correction phase. The hourly RSI is hovering at a high level, and trading volume is gradually shrinking, indicating a demand for a pullback.

For Ethereum, I suggest entering short positions around the current price of 3050-3080, with a target of 2990-2960.

For Bitcoin, I suggest entering short positions around the current price of 91100-91600, with a target of 89100-88700.

The market changes rapidly, and these strategies are for reference only. Please manage your stop-loss and take-profit levels carefully. For specifics, you can contact me via QQ: 1284283739.

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