From the technical patterns observed in the intraday market, although a technical rebound was triggered after the early morning pullback, multi-dimensional validation suggests that this rebound may be a corrective structure within a downward trend. The Bitcoin price fell back from around 107700 to approximately 106300 during the noon session. The Ethereum price dropped from around 2618 to approximately 2563 during the noon session. Overall, there is significant pressure above, with minor support around 106000 to watch for below, and a gradual decline forming a downward breakout. The daily chart shifted from bullish to bearish, leaving an upper shadow on the bearish candle.
Trading Advice:
Bitcoin around 106700-107000 for shorting Target 105700 Stop-loss 107200
Ethereum around 2575-2590 for shorting Target 2530 Stop-loss 2595#币圈现状
