Yesterday, Bitcoin was suppressed after rising to 95,600, causing a drop in prices, which has already pulled back nearly a thousand points. We intended to take a long position for a rebound last night, but after a 4-point drop this morning, it started to cause trouble. This drop has successfully broken the bottom support. Currently, it is continuously declining, reaching around 94,300.
From the one-hour technical indicators, Bitcoin's trend appears bearish. The BOLL indicator shows the price has broken below the middle line and is continuing to move downward towards the lower line, with bears in control; in the KDJ indicator, the K, D, and J values show that the J value is oversold and the three lines are diverging downwards, indicating heavy selling pressure; in the MACD indicator, the DIF has crossed below the DEA forming a death cross, and the histogram is extending below the zero line. In summary, in the short term, Bitcoin's price is likely to continue its downward trend.
Bitcoin Strategy: Short near 94,500, target 93,000
Ethereum Strategy: Short near 1,815, target 1,760
