Monday evening Bitcoin and Ethereum market analysis and trading suggestions
The distance between success and failure can sometimes be very short—only a few more steps forward for the latter. Currently, the major market has entered a consolidation phase after a large fluctuation during the day, caught in a high-level hesitation trend. From the hourly perspective, the Bollinger Bands are probing downward, bearish forces are increasing, and the candlestick chart shows long upper and lower shadows, indicating significant market divergence. The daily chart shows a bearish engulfing pattern, with considerable short-term correction pressure; the 4-hour MACD has formed a death cross, and the histogram has turned negative, indicating strengthening bearish forces.
Short near 103800 for Bitcoin, target around 101500
Short near 2440 for Ethereum, target around 2270
