On Saturday, the Bitcoin market continued its downward trend: the price dropped from a high of 117419 in the early morning to a low of 114641 by the evening. Ethereum's intraday performance was different: it briefly rose to a high of 4887 in the morning, then faced pressure and fell back, hitting a low of 4664 at noon before rebounding; in the afternoon to evening, the market oscillated in the range of 4764 to 4690.
Based on the current chart, on the four-hour level, after breaking through the upper Bollinger Band, the price faced downward pressure and is gradually moving closer to the middle band, with a clear pattern of rising and falling. Although some gains from yesterday have been retained, all moving average indicators are showing a downward trend, with bearish momentum continuing to be released, and the downward trend is extending. Looking at the one-hour level, after experiencing five consecutive bearish candles, the market stopped falling at the lower Bollinger Band position, with a slight rebound in price. The KDJ indicator's three lines have entered the oversold zone and have turned upward, but the MACD indicator's two lines maintain a dead cross pattern and continue to move downward, with no signs of turning. In summary, the midnight strategy suggests focusing on short selling after a rebound.
Sunday early morning strategy: Short Bitcoin at 115500-115800, targeting 114000.
Sunday early morning strategy: Short Ethereum at 4760-4790, targeting 4650.
