Bitcoin continues its downward trend, hitting a low of 102255, while Ethereum also weakens, dipping to a low of 2363. As predicted by Xiao Ge in the early morning analysis, the market's bearish momentum continues to be released, and the market trend aligns closely with the forecast. A precise layout for shorting Bitcoin at the high of 104400, with a perfect take profit at 102400, easily capturing a 2000-point space. Ethereum's short position was entered at 2504, with profits taken at 2377, securing a steady 127-point space.
Currently, the 4-hour K-line chart for Bitcoin shows that the market is in a phase of accelerating bearish momentum, with the price displaying a clear downward channel pattern. The MACD indicator's fast and slow lines continue to diverge below the zero axis, with the histogram continuously expanding. Although the RSI indicator has entered the oversold area below 30, there is still no significant bottom divergence signal, indicating that short-term selling pressure has not yet fully released. The Bollinger Bands channel is rapidly expanding, with the price tightly adhering to the lower track, showing strong unilateral downward momentum. A potential technical rebound may occur in the oversold state, but if the rebound fails to effectively break through and stabilize at the mid-track resistance, it is likely to be a brief corrective action for short covering.
Bitcoin: Short near 103500-104000, target 101500, stop loss 104700.
Ethereum: Short near 2440, short-term target 2350, stop loss 2480.