Morning Outlook

The upper band of the 1-hour Bollinger Bands at 60603 is strongly suppressing price, with the coin price pressing toward a key resistance level.
Given the current macro environment is weak, a pullback to the upper Bollinger Band is a classic window to short. The area above 60700–60800 is a dense concentration zone of positions trapped earlier, so it’s unlikely to break through effectively in the short term.

The chart shows a clear volume-price divergence: the price closes green and pushes up, while trading volume keeps shrinking. Any rebound without buyer support is nothing more than a castle in the air. Small-bodied candles plus frequent long upper wicks suggest major disagreement between bulls and bears and weak willingness among buyers to push higher; the market could turn down at any time, so going short from high levels in line with the trend is the main approach.

Trading Suggestions

• BTC (Dabing): Short at 60500–61000, target 59000
• ETH (Yitai): Short at 1620–1635, target 1560