There is always the deepest night before dawn. Hold on to your strategy and trust your judgment. When the market breaks this brief silence, whether it falls back as expected or gains strength for another attack, you have already stood at the forefront, controlling the direction! Opportunity is brewing in this moment of quiet, take action! The bearish outlook in the morning is our declaration to ride the trend! The goal is right ahead, let's go! At midnight, the overall cryptocurrency market is showing a sideways consolidation trend, with Ethereum's price fluctuating within a narrow range after a peak.
From the 4-hour technical chart, the market currently shows a short-term neutral to bullish operating trend, but the battle between bulls and bears is becoming increasingly intense. Technical indicators are showing obvious signs of divergence: KDJ has entered a severely overbought zone, and the risk of a short-term pullback is accumulating; although the RSI6 indicator still shows that bulls hold the advantage, momentum indicators have begun to show signs of overextension, indicating the possibility of a technical adjustment should be taken seriously. Overall, the bearish outlook in the morning remains unchanged.
Bitcoin: Short near 109400-109700 with a short-term target of 107500.
Ethereum: Short near 2600-2620 with a short-term target of 2500.
