When you gaze at the candlestick chart, have you ever thought that the undulating curves resemble the trajectory of life? The moving averages sometimes form a golden cross and sometimes a death cross, just like opportunities and challenges alternating in life. The red and green fluctuations of the MACD histogram reflect the ups and downs of our emotions.

From the four-hour level chart, Bitcoin has shown a significant bearish candle, dropping and finding support around 118500. This continuous bearish trend has resulted in relatively weak rebound strength. The moving averages indicate a bearish arrangement, with prices below both short-term and long-term moving averages, suggesting a weak trend with increased downward momentum. In terms of the MACD indicator, the daily level shows dominant bearish momentum, and although there is a rebound at the 2-hour level, the strength is limited. The Bollinger Bands are currently in an opening posture, indicating that the price is operating below the middle band, suggesting significant short-term downward pressure risks. If the price cannot effectively break through the integer resistance at 111000, it is expected to maintain a weak oscillating pattern. The key support level is around 108500; if this area is breached, the price may test lower levels such as 107271 or even lower. #BTC #ETH

Ethereum 3950-3920 short, looking at 3800

Bitcoin 111000-1095000 nearby short, looking at 108000