#BTC #ETH The current market presents a situation of consecutive daily declines and pullbacks, showing signs of testing the mid-line support. Although the short-term pullback has not yet broken through the previous key support level, the structure of continuous testing near the support indicates that there is still further downward space overall. From a four-hour perspective, a fluctuating downward trend has formed, with progressively lower highs, indicating that the strength of the bears is gradually gaining an advantage, as the height of each rebound is decreasing, and the price is trending downward. In the MACD indicator, the DIF and DEA are close to the zero axis, indicating that the strength of the bears is currently in a stalemate. Meanwhile, the momentum bars have shifted from positive to negative, signifying that the strength of the bulls is gradually weakening while the strength of the bears begins to strengthen, leading to a short-term bearish market.

Operational Suggestions

For Bitcoin, range trade between 108300 and 108700, with a target at 106500.

For Ether, range trade around 2570, with a target at 2480.