In today's market, Bitcoin and Ethereum have formed a clear "three consecutive bearish" pattern at the daily level. This formation is not a short-term random fluctuation; rather, it is a clear signal that breaks the previous oscillation balance and opens a downward channel.
From the perspective of core technical indicators, the daily MACD top divergence structure has been continuously developing since its formation, with bearish forces consistently dominating market sentiment. The volume dimension more intuitively reflects the release rhythm of downward momentum, with bearish volume bars showing a gradual expansion trend, and no signs of volume contraction for stabilization have been observed, further confirming the coherence and continuity of the current bearish trend. On the four-hour level, the inertia of the short-term bearish trend remains, but the market is currently in a technical repair cycle. The momentum of the current bullish line's repair has noticeably weakened, with the rebound strength gradually diminishing, facing significant resistance to continuity. Moreover, the pressure characteristics of the key resistance area above are extremely prominent, firmly locking down the rebound space, making it difficult to form an effective breakthrough.
Bitcoin's current price is around 112300, bearish, looking down at 108000, with a stop-loss slightly above 113000 to guard against short-term extreme rebound risks.
Ethereum's current price is around 4630, bearish, targeting 4440, with a stop-loss set at around 4665 to ensure manageable risk.
