#BTC #ETH Review of afternoon market conditions, Bitcoin stabilized and rebounded around 108,000, peaking at 108,964 before facing resistance and falling back, failing to effectively break through the key resistance at 109,000. From the hourly level trend, the price rebound encountered resistance, highlighting strong selling pressure above. Although the bulls have made a rebound move, they have not effectively broken through the upper track, and the 109,000 - 109,300 range constitutes a strong resistance zone. Until the price effectively breaks through the previous highs, the rebound is unlikely to be sustained. The MACD indicator shows that the DIF and DEA values are still at low levels; although the bearish momentum is converging, it has not reversed its downward trend. If it cannot regain a stable position above 109,000, the short-term oscillation will likely remain bearish. Attention is needed for the support at 108,300; once it breaks below, it is highly likely to probe the 108,000 level. In terms of operations, the strategy of shorting on rebounds can still be maintained.
Operational Suggestions
Bitcoin: Short in the 109,000—109,300 range, targeting around 108,300
Ethereum: Short around 2,590, targeting 2,500