Tuesday Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions
After the morning's attempt to reach higher prices, the market tested the support level around 105,500 again before being blocked. The afternoon market saw a slight rebound, peaking around 106,400 before facing pressure. Currently, the market has dropped below 105,500, retreating to around 105,000, which is highly consistent with our strategy, indicating its success.
Looking at the four-hour level, the upper shadow is relatively long, and the trend has begun to contract, with bearish momentum strengthening. From the one-hour level perspective, the Bollinger Bands show the price oscillating near the middle track, with the upper and lower bands narrowing. Various technical indicators are forming a bearish trend, and we are still predominantly bearish.
Short Bitcoin near 105,500 Target 103,500
Short Ethereum near 2,560 Target 2,400
