Bitcoin and Ethereum Evening Market Analysis

First, let's look at Bitcoin. From the 4-hour chart, the price has been declining, overall in a downward channel. Each rebound high is getting lower, and each low in the decline is also getting lower. Although there are occasional small rebounds, the overall trend is still downward, with significant pressure.

In the short term, the bulls are trying to push the price up, but there is still no obvious signal to stop the decline, and the price is likely to continue falling. From the MACD indicator, although the bearish strength is weakening, the bullish side is also lacking momentum, and the rebound is not strong. Additionally, a bearish engulfing pattern has appeared in the K-line, indicating that the price may weaken again in the short term.

Next, Bitcoin will focus on the support level of 100,600. If it breaks down, it could continue to fall significantly; the resistance level above is in the range of 108,100 - 108,500. Only if this range is broken can the price possibly reverse. For Ethereum, the support level is around 2,410, and the resistance level is between 2,450 - 2,470. Currently, both Bitcoin and Ethereum are at the end of a triangular oscillation range and will soon choose a direction. Once the support or resistance level is broken, just follow the trend for trading.

Specific trading suggestions:

Bitcoin: Short position near 1,075,000 with a target around 1,060,000

Ethereum: Short position in the range of 2,420 - 2,450 with a target around 2,350.

Ethereum's current price near 2,420 can be a long position, and if it rises to around 2,470 - 2,480, a short position can be attempted, targeting around 2,355 - 2,365.

A reminder, the market changes rapidly, and the above strategies are for reference only. Be sure to implement proper risk control when trading.