Short-term Trading Suggestions
The price of Bitcoin has recently fluctuated at a high level, showing several bearish candles, indicating significant selling pressure in the market. A descending trend pattern has formed on the daily chart, with several consecutive days closing below the opening price.
On the 4-hour MACD chart, it is in the negative region, and the fast and slow lines are crossing downwards, suggesting a potential continuation of weakness in the short term. The RSI value is close to the oversold area but has not entered an extreme oversold state, indicating there is still some room for a pullback. It is recommended to enter long positions at high levels within the day.
For trading suggestions, enter long on Bitcoin around 102500 to 103000, with a target around 100500; for Ethereum, enter short around 2450 to 2480, with a target around 2400.
