On the afternoon of $BTC , the Bitcoin price fell from a high point of 117750 to a low point of around 116389. Ethereum rebounded from a low of 2934, reaching a maximum of 2995 before slightly retreating to around 2960. The afternoon short strategy provided by Yunlu successfully profited nearly 1000 points for Bitcoin and 30 points for Ethereum.
The technical outlook shows weak characteristics: the 1-hour MACD green bars continue to shorten, the RSI remains in the weak range of 35-40, and trading volume has decreased by 25% compared to the morning. The 30-minute chart of Ethereum has formed a downward channel with resistance from the upper boundary, and after the KDJ indicator golden cross, it has turned back again, indicating insufficient rebound momentum. Three major market risks need to be watched: the current market divergence between bulls and bears is intensifying; the net inflow of Bitcoin in exchanges has increased, and the number of large Ethereum transfers has risen, necessitating caution against spike-like movements; the volatility index during the Asian session has dropped to 65, with potential for a trend change during the European and American trading sessions. In the short term, focus on the defense of the key support levels of Bitcoin at 115800 and Ethereum at 2920; a valid break below may trigger a deeper correction.
Bitcoin suggestion: You can try a light short position near 116500, with a stop loss set above 117200, aiming for the range of 115800-115000.
Ethereum suggestion: Layout a short position in the pressure zone of 2970-2980, with a stop loss at 3005, targeting the support area of 2940-2920.
