Thursday Bitcoin and Ethereum Analysis:
Early morning Bitcoin and Ethereum high short strategies have not driven an effective rebound, and the market continues to show weakness. The daily level has recorded small bearish and bullish candles for the past two days, with overall range consolidation and limited rebound strength; although the 4-hour chart shows consecutive bullish candles indicating short-term rebound signs, the MACD histogram reduction remains negative, and the DIF line is converging towards the DEA, indicating a weakening of the bearish trend and a potential shift to bullish signals. The EMA7 has crossed above the EMA30, forming a short-term golden cross, but the EMA120 is still far above the current price, indicating that the larger cycle remains bearish.
Trading Suggestions:
Bitcoin: Short near 104500-105000, target around 102000;
Ethereum: Short near 3570-3600, target around 3450.
