$BTC In the fluctuations of the K-line in the cryptocurrency market, we witness not only the volatility of prices but also the trial of human nature. When the waterfall comes and fear spreads, please remember—every deep squat is for a more powerful jump. Bitcoin is currently competing around the critical level of 100000. The current moving average system shows a bearish arrangement, indicating an overall downward trend. Throughout the day, it is essential to closely monitor the support area between 99000 and 99800. If it is broken with volume, it may further drop to 98000 or even lower.

In terms of technical indicators, the MACD indicator is below the zero axis and maintains a sell signal, showing that bearish forces dominate. However, the RSI indicator at the hourly chart level also shows that the price is close to the oversold area, indicating a need for a technical rebound. Therefore, if there is an initial rebound in the morning, it will encounter strong resistance in the range of 102800 to 103300. Ethereum is similar; the RSI indicator is close to being oversold, and the coin price still has a demand for rebound. In the morning operations, continue to maintain a high-spirited approach.

Bitcoin can short at 102800-103300, targeting 101000.

Ethereum can short near 3360-3400, targeting 3250.