Observing the hourly chart, it can be seen that the MACD indicator's dual lines are gradually approaching the zero axis area, and the momentum bars are showing a red contraction trend, suggesting that the current upward momentum is waning, and the market may enter a technical correction phase.
From a daily structure analysis, the price has formed a long shadow line drop after hitting the resistance area at the top of the ascending channel, reflecting a clear sign of loosening positions in the high-level area.
The four-hour cycle presents a box fluctuation pattern, with the three lines of the Bollinger Bands tending to run horizontally. The price fluctuation range is gradually narrowing, and short-term consolidation rhythm may continue. It is worth noting that the key support platform below has withstood multiple bearish tests and remains solid, indicating strong buying power in this area.
In terms of operations, it is recommended to pay attention to technical correction opportunities after the price rebounds to the resistance level, and to manage position risk carefully.
Operation suggestion:
For Bitcoin, consider shorting around 950-955, with a target near 925.
For Ethereum, consider shorting around 1820, with a target near 1730. #BTC #ETH $BTC $ETH