Evening Market Technical Analysis!

From the four-hour technical structure, the price channel continues to show slight fluctuations downward. The bearish volume is limited in its release, leading to a slow stepwise decline. The moving averages are gradually trending downward, and the short-term remains in a fluctuating downtrend, forming a bottom adjustment. The conversion of long and short volumes drives the continuation of the fluctuating sentiment. For the upcoming strategy, we should focus on shorting at high points.

From a technical structure perspective, at the daily level, the running channel is forming a downward opening state. The middle track is under severe pressure, leading to a waterfall-like decline. The bearish volume is effectively arranged in solid form, and the moving averages are consistently reversing downward in a convoluted manner, clearly confirming the downward trend.

Bitcoin trading suggestion: Short in the range of 120000-119500, with a target of 118000. If broken, continue to look downward!

Ethereum trading suggestion: Short in the range of 4480-4460, with a target of 4400-4300. #ETH突破4400 #机构疯抢以太坊 #CPI数据来袭 #比特币市值超越亚马逊 #BTC重返12万 $BTC $ETH