The price has broken below the short-term EMA, and the moving averages are in a bearish arrangement, reinforcing the downward trend. The DIF and DEA have crossed below the zero axis, with the bearish candlestick expanding, increasing bearish momentum. The 4-hour RSI has entered the oversold zone, indicating a potential short-term rebound and correction demand, but the trend remains bearish. The price is operating under the pressure of the descending trend line. Currently, we should first pay attention to whether the 105000 level can hold as support, with the second support at 104500. One can consider a short position in line with the trend. However, the main focus remains on capturing long positions at lower levels.

Trading Recommendations

Go long near 105000 for Bitcoin. Target 107000

Go long near 2520 for Ethereum. Target 2600#BTC走势分析