From last night to the morning session, Bitcoin experienced intense fluctuations in the range of 106340-107900, with fierce battles between bulls and bears, ultimately closing around 107000. Ethereum faced pressure simultaneously, rising to 2455 before falling back below 2380, currently weakly consolidating above 2420. Overall market sentiment is bearish, and the technical outlook shows a trend of oscillating downwards.
From the hourly chart, Bitcoin's price is moving down along the middle band of the Bollinger Bands, with the MACD lines below the zero axis, indicating a bearish advantage. The short-term pressure range is 107500-108000, and a rebound to this level could be an opportunity to short. On the four-hour level, bullish momentum continues to shrink, with candlesticks consistently forming doji patterns, indicating significant pressure at the 108000 level. The key support below is at 106000; if it breaks, it may test 104500. Ethereum's hourly candlestick chart shows oscillation, with the Bollinger Bands trending flat, suggesting that the oscillation range will gradually compress. The KDJ indicator shows an upward trend, and the MACD red bar energy is weakening, but on the four-hour level, the Bollinger Bands are narrowing, and the candlesticks show a downward trend. The DEA line is gradually rising, indicating pressure on the DIF line. Therefore, caution is advised for chasing highs in the short term, while the long-term strategy should remain focused on shorting at high prices.
Trading suggestions:
Short Bitcoin near 107600-107400, stop loss at 107600, target 106600-106300.
Short Ethereum near 2460-2450, stop loss at 2480, target 2400-2380.
