The afternoon analysis of Ethereum's bullish trend, as expected, we took profits. This wave of increase also belongs to our normal rhythm. We also specifically posted a message during lunch, bullish on Ethereum as its rebound is too strong. Let's review Bitcoin; it hasn't had the same volatility as Ethereum, but it is also on the rise. In the morning, we had a bearish outlook and captured a pullback, gaining over 900 points. After that, the bottom stabilized, and we reversed to catch a bullish trend, gaining over 1000 points again. In this kind of market, isn't it easy to make gains back and forth? But now, don't catch Ethereum's pullback; currently, the price has retraced to around 103200.
From the one-hour perspective, looking at the BOLL indicator, the price is close to the upper band and facing resistance, with volatility narrowing, indicating a high probability of a downward reversal; in the KDJ indicator, the three lines are crossing dead near 50, with the J value at a low position, indicating selling pressure is dominant; in the MACD indicator, the DIF line crosses below the DEA line forming a dead cross, with green bars continuously increasing, indicating enhanced bearish momentum. In summary, Bitcoin faces multiple bearish signals on the one-hour level, and the short-term downward risk is increasing. However, the market is influenced by various factors, and we need to combine it with other cycles and news for comprehensive judgment.
Bitcoin outlook: Short near 103000-103500, target 102000
Ethereum outlook: Short near 2350-2370, target 2280
