The current market is clearly dominated by bearish forces, with prices continuously operating below the middle band of the Bollinger Bands on the daily chart. After the MACD indicator formed a death cross, the green momentum bars have been continuously expanding, accelerating the release of bearish momentum.
On the 4-hour chart, there is a clear descending channel, with rebounds encountering strong resistance from the upper moving averages. During declines, trading volume increases, confirming the bearish control. It is recommended to short in line with the trend.
Recommendation: Short Bitcoin at 113200-113800, targeting 111000,
Short Ethereum at 3420-3440, targeting 3350. $BTC $ETH #美国加征关税