From a technical analysis perspective, Bitcoin experienced three consecutive small increases during the early hours today, but the upward momentum could not be sustained, and it subsequently entered a fluctuating downward channel, currently in a narrow sideways consolidation state.
The current market buying power is evidently insufficient, while selling power is gradually taking a dominant position, resulting in an overall bearish market sentiment.
The trend of ETH is basically consistent with that of Bitcoin, also facing pressure after a brief surge and falling into a range fluctuation pattern.
Based on hourly K-line pattern analysis and current market sentiment judgment, the following trading strategies are suggested:
Operational Suggestions:
- Bitcoin can be considered for short selling near the 105100-105500 area, with a target around 103500.
- ETH can be considered for short selling near the 2520-2530 area, with a target around 2490.
No fan explosions will be brought, nor will there be blind openings.
Everything is about striving for victory steadily, with a solid approach. Those who want to profit should hurry up and get on board! $ETH
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