BTC daily closing price effectively broke through key support levels, and the volume-price relationship shows that the rate of decline has significantly accelerated. This round of retreat has provided a clear continuation signal through technical patterns. The intraday trading strategy focuses on shorting during rebounds; if the price further breaks below the 100,000 round number, it may trigger programmatic selling, initiating a secondary bearish trend.
From a technical perspective, BTC's hourly price has broken below the lower Bollinger Band, the MACD green bars continue to expand, and the RSI indicator has fallen below the 30 oversold range and is still extending downward, indicating that short-term bearish momentum has not yet exhausted, and there is still room for decline. ETH shows a similar weak pattern, with a nearly 300-point decline prompting all technical indicators to weaken comprehensively. Attention should be paid to whether the KDJ indicator shows signs of oversold rebounds, but the overall theme remains shorting during rebounds.
Operational suggestions:
BTC 104000-104500 range, look down to 103000
ETH 2520-2550 range, look down to 2450
