4.30 Morning Bitcoin and Ethereum Market Analysis
Bitcoin initially faced pressure around the 95000 level in the early hours, falling back to a low of 94673 before entering a consolidation phase, failing to break through effectively, indicating strong resistance above.
On the 4-hour level, the RSI is in a neutral range, and the MACD shows an increase in bearish momentum, suggesting a short-term bearish trend. Key resistance is focused on the 94700-95500 range; if unable to break through, it may continue to decline;
Support below is focused on 93680; if lost, it may further dip to 93000. In the morning, we can maintain a bearish outlook, and if we break through, we will change our approach.
Bitcoin suggestion: Short near 952 with a target of 935-930
Ethereum suggestion: Short near 1810 with a target of 1760
