Sunday Evening BTC/ETH Analysis and Operations
Recently, the overall market has been under pressure, and on the evening of the 10th, both Bitcoin and Ethereum experienced a sudden "flash crash." Although the market later saw a technical rebound, the bullish momentum remains weak, and the downward trend continues today, with a persistent bearish atmosphere in the market.
From a technical analysis perspective, the Bitcoin daily chart presents a typical "Evening Star" pattern, a top reversal signal combined with a bearish arrangement formed by short-term, medium-term, and long-term moving averages, further confirming that the current market downward momentum is dominant, making it difficult to change the adjustment pattern in the short term. Ethereum's movement is highly correlated with Bitcoin, and the technical indicators also show weak characteristics, with the moving average system diverging downward and significant resistance to rebounds.
Considering the current market sentiment and technical indicators, the following operational suggestions are given:
Bitcoin: Clear bearish trend, go with the trend.
Short at 1130-1125, watch the 110,000 level.
Ethereum: Bearish dominance, primarily short.
Short at 3900-3880, watch 3700, 3600. $BTC
