Morning Analysis

From the perspective of the 4-hour chart, the price of the currency has shown a rapid decline followed by a slow downward channel, and finally a complex pattern of significant drops. After reaching a local low point, the price rebounded quickly. However, considering various technical indicators and market sentiment, overall, if the price decreases again, it will be based on the rebound that has occurred. Currently, there are slight signs of warming in the price, but the momentum is not strong and there is no continuation. Ethereum also had a downward spike this morning, touching a low of around 2643. The bearish strategy suggested last night has once again been confirmed.

Trading Suggestions

Long near 96000 on Bitcoin, target 98500

Long near 2630 on Ethereum, target 2750#BTC☀