【Market Analysis】 Bitcoin (BTC) has continuously closed in the red on the daily level, with prices quickly dropping from 116,935.99 to 109,789.96, showing a clear bearish trend overall. After experiencing significant fluctuations in the 4-hour cycle, it has entered a narrow range of oscillation, with the current K-line body contracting, indicating that market sentiment is becoming cautious, and both bulls and bears are temporarily in a wait-and-see mode.
Ethereum (ETH) plunged to around 4330 overnight, slightly dipping to 4310 in the morning before receiving support and rebounding, but clearly faced resistance when moving up to the 4450 level, subsequently falling again. The short-term rebound momentum is gradually weakening, with lower lows being established, indicating an overall weak structure. Both market sentiment and technical patterns suggest that Ethereum still has the potential for further decline, and it is recommended to maintain a bearish outlook.
【Operation Suggestions】
- Bitcoin (BTC): Enter short positions near 110,500, target 109,000, stop loss 111,200
- Ethereum (ETH): Enter short positions near 4460, target 4200, stop loss 4520
