In this turbulent sea, some have become rich overnight, while others have left in silence. But regardless of the ups and downs, the story of the cryptocurrency world continues; it teaches us the distance between dreams and reality and helps us understand the wisdom of persistence and letting go. On Tuesday afternoon, Bitcoin remained oscillating within a range, with prices fluctuating around 88,500 without significant volatility. Ethereum, on the other hand, slightly peaked at the 1,634 high point in the afternoon and then consolidated around this range.
From the current market perspective, the four-hour chart shows a three consecutive bullish candlesticks pattern, but it is severely constrained by previous high points, and the price has not consistently broken through the upper boundary. The KDJ indicator's three lines have all entered the overbought zone, increasing the probability of a technical pullback. From the one-hour perspective, the market shows alternating small bearish and bullish movements, with the MACD histogram continuously shrinking, and the DIF and DEA lines are merging. Under the continued sluggish trading volume, it suggests insufficient upward momentum in the short term; thus, we still maintain a bearish outlook for the evening.
Bitcoin can be shorted around 88,800, targeting 86,500.
Ethereum can be shorted around 1,650, targeting 1,580.
