Currently, both Bitcoin and Ethereum are showing a significant downward trend during the day, with bears completely dominating the market. Bitcoin has fallen from a high of 114808, with bearish candles prevailing. The price is running close to the lower Bollinger Band and the Bollinger Band is opening downwards, indicating that the downward trend may continue. The MACD indicator's dual lines are below the zero axis and are continuing to weaken, with the green momentum bars enlarging, indicating that bearish momentum is still being released, and there are no reversal signals at present. The key support level is near the intraday low of 112000; if broken, it will further open up downward space. The upper resistance to watch is the middle band of the Bollinger Band and the range of 113500-114200; only a breakthrough can relieve the current downward trend. Ethereum's trend is linked, with support looking at 4220 and the 4200 level, and resistance in the range of 4250-4300. Overall operations should mainly focus on a bearish perspective, closely monitoring the effectiveness of key support levels. Before a clear stabilization signal appears (such as MACD momentum exhaustion or a strong price breakthrough of resistance), it is essential to be cautious when bottom-fishing and strictly control risks.
Bitcoin Suggestion: Lightly short near 112500-112800, target 112000-111500; if it doesn't break below 112000, consider going long.
Ethereum Suggestion: Short if pressured above 4250-4280, if it breaks through then consider going long; short positions can watch 4200⬇️
