The big coin welcomed a key turning point yesterday, temporarily putting a halt to the continuously rising market. The 92000-91500 area constitutes a short-term support level, but this support is relatively weak, sharply contrasting with the strong resistance level at 94500. Once this support range is effectively broken down, the market may quickly open up downward space, pushing prices directly towards the 90000 integer mark!
Observing the 4-hour cycle, as upward momentum exhausts, the Bollinger Bands are gradually narrowing, and the market has entered a state of turbulent stagnation, with bullish strength continuously diminishing and upward breakthrough momentum clearly insufficient. Additionally, the MACD indicator's dual lines have formed a death cross and are diverging downward, with bullish energy bars continuously shrinking and bearish energy bars gradually strengthening, further validating the demand for a short-term price correction!
Personal trading advice:
Big Coin: Short around 94700, target 91500
Ethereum: Short around 1830, target 1700
