4.1 PM BTC and ETH Market Analysis
BTC has shown a steady step-like upward trend. Bullish forces have driven it gradually higher until it reached a high of 85948. However, when it hit the resistance level of 86000, the bulls faced strong opposition. Although the bullish side continued to exert force, they have been unable to break through, highlighting the heavy selling pressure above.
On the ETH side, after a brief pullback to 1603, it quickly demonstrated resilience, with the price rebounding and peaking at 1648. Observing from the daily level, yesterday's market was overall in a state of fluctuation, ultimately closing with a small bullish candlestick. Looking at the four-hour level, the market has maintained high-level fluctuations, with the MACD indicator in a bearish cycle; however, the volume bars have contracted, indicating that ETH may face pressure for a pullback in the short term.
From the current market situation, the resistance at 86000 for BTC is still quite strong. If it cannot break through this resistance, it is likely to start a new round of decline, so during the afternoon operations, a high short strategy could be considered.
BTC could attempt a short position near 86000, targeting 83500.
ETH could lay out a short position near 1670, targeting 1600.