Friday Evening Bitcoin and Ethereum Analysis

On Friday afternoon, short positions once again took profits at 900 points! Regarding the current trend, Wang has already provided an accurate forecast in the afternoon, indicating that the short-term is under pressure from the trend line, with Bitcoin moving from 107500 to 106600 and then to 107000... once again realizing profits.

Looking back at the bearish outlook that Wang provided in the afternoon, he has consistently emphasized the bearish sentiment in his posts and offered key levels. The previous profit-taking situation has passed; some have continuously followed Wang's ideas to make profits, while others hesitated in following his posts. Currently, the market is still continuing to decline, and let's see how Wang analyzes it for you.

From the 4-hour level, the K-line bars continue to oscillate downward, and from a technical indicator perspective, the MACD momentum bars have turned from positive to negative, with a golden cross appearing above the 0-axis, indicating a trend reversal in the market. The RSI index is gradually becoming sluggish, and from the Bollinger Bands perspective, the opening has shifted from upward to a closing state. From the 1-hour level, the Bollinger Bands continue to oscillate downward. Currently, the price action seems to be mainly oscillating around the upper and lower bands on the hourly chart, quickly retreating or rebounding after approaching the upper and lower bands. In terms of operation, Wang suggests trading within the oscillation range based on the price position and key levels above and below, waiting for a breakout opportunity at the end of the oscillation.

Trading Suggestion:

For Bitcoin, short positions in the range of 107200-107600, targeting 106000.

For Ethereum, short positions near 2460, targeting 2400, 2466, 049773558515544828.