Ahang's Evening Thoughts

From the market perspective, the current price comparison is at the key watershed of the 4-hour Bollinger Band middle line at 106700. The technical analysis shows three layers of resistance: the 107300 area is not only the upper band pressure at 107400 but also the resistance zone of the double top structure from June 17. Additionally, the MACD histogram shows a divergence signal, confirming heavy selling pressure at high levels. The KDJ has formed a dead cross at high levels, combined with shrinking volume, indicating exhaustion of bullish momentum. The current price has fallen below the early morning rising trend line; if it loses the neckline at 106500, it will form a head and shoulders top pattern on the hourly chart, with a downward target potentially reaching 105900.

Ahang's Suggestions

Bitcoin: Short near 106700-107000, target around 105800.

Ethereum: Short near 2600-2620, target around 2570.