From the hourly level of #BTC #ETH , the Bollinger Bands show a significant convergence trend. After the price ratio hit the upper band and quickly retreated, clear pressure signals emerged, breaking below the middle band support level. The Bollinger Bands display a parallel trend, and the bandwidth has shrunk to an extreme range of 0.85%, indicating a significant reduction in short-term market volatility, with a high probability of entering a narrow fluctuation phase. The MACD indicator also releases bearish signals, with the dual lines completing a critical transformation from a golden crossover to a dead crossover above the zero axis. After five consecutive trading sessions of tight oscillation, the distance between the dual lines gradually widens, and the green momentum bars continue to grow, indicating that bearish forces dominate in the short term, and the market may continue a corrective trend. Considering that the current price ratio is still at a high level, the risk of chasing high positions is significant, so the strategy remains to go short after a rebound at high positions.

Operational Suggestions

For Bitcoin, aim for around 119800 first, with a target of 108000.

For Ether, aim for around 2590 first, with a target of 2520.