Xu Xu Baby's Morning Analysis on Cryptocurrency

From the one-hour timeframe analysis, the moving averages are showing a downward divergence, placing pressure on any potential rebounds. The green bars continue to expand, indicating that the bearish forces are gaining the upper hand. Attention should be paid to the support level at the previous low of 112582, while the resistance level above is the previous high of 115299. If the support is broken, it may lead to further declines; however, if the pressure from the moving averages can be broken, there is hope for a rebound.

Personal opinion, for reference only:

For Bitcoin, consider shorting in the range of 114500 - 115000, targeting 113300 and 112000.

For Ethereum, consider shorting in the range of 3600 - 3630, targeting 3530 and 3450. #BTC走势分析 #ETH走势分析