Tuesday Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions
Every moment of hesitation may cause you to miss the key rhythm. Yesterday at midnight, Bitcoin once again experienced a slight dip, with the price falling from a high of 112897 to around a low of 109219 early this morning. Ethereum's trend was similarly pressured, continuously declining from an evening high of 4690, touching 4334 in the early hours before temporarily stabilizing.
From a four-hour perspective, the market is still in a stair-step downward structure, with prices continuing to run along the lower Bollinger Band, and the bearish forces still in control. The market has once again broken below recent lows, with the K-line's bearish candle body being full, reflecting the persistence of bearish momentum—weak rebound strength, making it difficult to form effective resistance. The one-hour level shows that although there has been a two consecutive bullish rebound, the upper shadow is significant, and selling pressure continues to be released. The MACD indicator briefly rose above the zero axis before falling back down, indicating that the bearish trend is not yet over, and the rebound is merely a buildup for further decline. In the morning's operations, it is recommended to maintain a bearish outlook.
Trading Suggestions:
Bitcoin: Short near 110500, target 108000
Ethereum: Short near 4400, target 4280
