Bitcoin's guillotine-style decline! Ethereum's lifeline has been breached, today's sniper points exposed!
Current market sentiment is dominated by bears, with Bitcoin's 4-hour chart showing a step-like decline, completely breaking the previous upward channel. The MACD death cross continues to move downward, and bearish strength is still accumulating, making it difficult to change the weak pattern in the short term; after Ethereum broke the critical level of 4160, the EMA24 crossed below EMA52 forming a death cross, with clear bearish signals for the medium to long term. Although the MACD green bars have not significantly enlarged and the KDJ's J value is extremely oversold, there may be a short-term rebound, but overall it is still under bearish pressure.
In terms of operations, for Bitcoin, pay attention to the high short positions in the 114600-114300 area, with a stop-loss at 115300, targeting a downward move to 112900-112600; for Ethereum, keep an eye on high short positions near 4200-4230, with a stop-loss at 4280, initially targeting 4100-4130, extending to 4060-4000 after breaking below. If the critical level holds, then consider going short again. The market's bearish trend is clear, but caution should be exercised for potential rebounds in the oversold area; operations must strictly adhere to stop-losses and be flexible in response.
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