Bitcoin has shown a strong one-sided rise, with prices nearing previous high resistance zones. As market sentiment gradually becomes overheated, there is a warning about short-term overbought risks in the evening, and it's advised to watch for high-level pullback opportunities. The market subsequently turned down as expected, and the short position strategy was effectively realized, with prices quickly retreating from the day's high, showing a noticeable decrease in short-term bullish momentum, entering a technical correction phase.
Currently, the market shows signals of continued pullback. The MACD indicator on the 1-hour level has formed a death cross, and the histogram continues to shrink below the zero axis, indicating a gradual strengthening of bearish momentum. After breaking key short-term support, the short-term moving average system has started to turn downwards, further confirming the pullback trend. If it cannot regain the 92500-93000 area during the day, it is likely to continue the oscillating downward rhythm, with support levels to watch at 91500 and 90000 integer points. In terms of operations, it is recommended to gradually position short after a rebound, being cautious of the risk of oversold rebounds, and to pay attention to changes in volume to confirm the depth of the pullback.
BTC short at 93000, target near 91500
ETH short at 1800, target near 1760