Bitcoin has been fluctuating downwards around 1054 after yesterday's decline, with trading volume continuously shrinking and the market clearly leaning bearish. From a technical perspective, the probability of continuing weakness in the short term is high, with 1040 still being a key support level. If this level fails to hold, a new round of decline may begin.
Although bears currently dominate, we need to be cautious of potential oversold rebounds indicated by KDJ and other indicators. If a bottom divergence signal appears, a short-term upward move to the 1071 resistance level cannot be ruled out. However, until there is an effective breakthrough of this resistance level, the overall trend remains bearish.
In terms of operations, Bitcoin should be lightly positioned with short orders around 1062-1057, targeting 1040,
Ethereum: 2420-2440 positioning short orders targeting 2350-2300
