Evening Analysis on October 6:
From a technical analysis perspective, Bitcoin and Ethereum both convey clear trading signals. On the four-hour time frame, after a significant bullish candlestick surge, two consecutive bearish candlesticks have formed for a technical pullback, with the current price level situated within the range formed by the mid and upper bands of the Bollinger Bands. Meanwhile, the MACD indicator's fast and slow lines continue to run horizontally below the zero line, while the three lines of the KDJ indicator are closely converging around the 50 value area. Focusing on the one-hour candlestick trend, during the early session, the price briefly rose to around 106,480 but faced significant resistance and quickly declined. After a brief dip below the Bollinger Bands' mid-band support, a technical buying rebound was triggered. Currently, the price is closely adhering to the mid-band of the Bollinger Bands, maintaining a slight upward oscillation. Relevant technical indicators further support the short-term weakness: the MACD double lines have formed a death cross structure and continue to extend downward, with the histogram representing bearish momentum steadily amplifying, reinforcing the technical judgment of downward pressure in the short-term market.
Trading suggestion: Short around 105600-106200, target 104500-104000.
Second suggestion: Short around 2620-2650, target 2580-2550.