Sunday Midnight Silk Road:

From the 4-hour technical perspective, the Bollinger Bands are showing a horizontal trend, with prices repeatedly testing the middle band and being pressured downwards, clearly demonstrating the strong selling pressure above. At the same time, the RSI indicator continues to hover below 50, indicating insufficient buying power in the market, overall in a neutral to weak pattern. The MACD indicator's fast and slow lines are converging, with a death cross pattern gradually taking shape, suggesting significant downward risk in the future.

Looking at the 1-hour level, the Bollinger Band channel is significantly narrowing, indicating that the market is about to end the current fluctuation and choose a breakout direction. Although the KDJ indicator showed a golden cross in the early session, the J line quickly fell back after touching the overbought area, indicating a lack of sustainability in the bullish counterattack, making it difficult to change the short-term weak pattern. Investors need to closely monitor the breakthrough of key levels and be wary of trend reversal risks.

Operation Suggestions:

Short in the range of 106000-106500, target around 104500-103000;

Short in the range of 2620-2650, target around 2550.

Be sure to set strict stop-losses during operations to control trading risks. $BTC $ETH