#BTC #ETH price comparison has started to rise since last night. However, combining intraday trends with trading volume data, this rise may conceal the risk of inducing more buyers and could also be due to heavy selling pressure above. Observing the short-term trend, the range of 108,000 - 108,300 has formed a phase of support. Although the current downtrend has temporarily stabilized, the market's trading volume has not significantly increased, reflecting that both bulls and bears remain in a cautious wait-and-see state, and have not formed a clear directional choice. If the price cannot effectively break through the key resistance level of 109,700, it is expected to continue a weak oscillating pattern, and it may even test the support level of 107,300 again; if this level is breached, the strong support level of 105,200 may face a test. Therefore, it is recommended to remain cautious in short-term operations, avoiding blindly chasing price increases, and focusing on the effectiveness of key support levels.

From the hourly level, after a quick rise, the price has rapidly retreated. Although it temporarily remains above the mid-track, the upper track forms strong pressure, and the channel is gradually expanding, suggesting that the market is brewing a directional breakout, with a higher possibility of breaking down; although the MACD indicator is currently above the zero line, the red bars are continuously shrinking, indicating that the momentum is accelerating its decline. If a death cross forms later, the bearish strength may be concentrated and released; the KDJ indicator has turned down from the overbought area at a high position, issuing a clear adjustment signal. Once a death cross forms, the price is likely to enter a correction phase in the short term. Overall, the current market shows a clear lack of bullish strength, and the technical aspect presents significant bearish characteristics. It is recommended that intraday trading still focuses on high-position strategies after rebounds.

Operation suggestions

Trade Bitcoin around 109500, with a target to look at 10800.

Trade Ethereum around 2570, with a target to look at 2500.