In terms of technical structure, there has been a noticeable reversal signal after coming down from a high position, and the resistance above remains very strong. The four-hour large bearish candle has pulled back directly; although there has been a consecutive bullish movement, the strength is not sufficient to be considered a reversal signal. It is very similar to the previous market situation, and there is clearly still some space below. In the one-hour chart, it can be seen that the price has also returned to below the middle track, and the bearish energy bars have started to continue increasing. In the short term, although the decline has stopped and the market has provided a corresponding rebound, the downward trend is still not complete, and it is currently in a stage of consolidation.

Trading Suggestions

Short at 101000 for Bitcoin, target 98000.

Short around 2250 for Ethereum, target 2150, 5049, 2055, 124.