From a technical perspective, the current market shows a significant bearish trend, and the downward space is gradually expanding, providing a continuous layout window for bearish strategies.
Specifically for Bitcoin, the hourly chart indicates that the price is continuously testing the middle Bollinger Band area. This process is essentially a test of the strength of support and resistance near the middle band. In subsequent operations, it is crucial to monitor the results of the bullish and bearish battle at the middle band: if resistance is apparent and the price fails to effectively hold above the middle band, it can be seen as a signal for the continuation of bearish momentum, allowing for the placement of bearish positions accordingly; if there is a brief rebound but it lacks strength, it may also present an opportunity for a secondary short.
For Ethereum, the 4300 level has formed a short-term support area, and this support is currently showing a relatively stable state. However, under the dominance of the overall bearish market, the price is still continuously testing the bearing capacity of this support level. It is essential to closely monitor changes in trading volume and price fluctuations around the 4300 level: if signs of weakening support appear, such as the price falling below and failing to rebound, bears can increase their positions further; if the support holds briefly but the rebound is weak, one can also rely on the upper edge of this support to place bearish positions, using the break of the support level as a stop-loss reference.
Overall, the current market has a clear bearish structure, and operations should adhere to the principle of following the trend, using the strength of key resistance levels as the core judgment basis, strictly setting stop-losses, and seizing phase opportunities during the continuation of bearish trends.
