According to the hourly K-line analysis of Bitcoin, the current price shows a clear downward trend, and the bullish support has failed. After multiple failed attempts to rally, the bulls have weakened, and the bears have densely positioned themselves. The large bearish candle has broken through the moving average, the MACD death cross has expanded, and the RSI has fallen below 50, indicating a significant strengthening of the bearish forces.
In terms of operations, a high short strategy is recommended. You can short with a light position when the price rebounds to key resistance levels such as the MA30 moving average and the upper Bollinger Band, with a stop loss set above the recent high, and the target aimed at the lower support and round numbers. The specific operations are as follows:
- Bitcoin: Short in the range of 95000-95500, target 93000
- Ethereum: Short in the range of 1790-1820, target 1700