Today's market overall is characterized by narrow fluctuations. The current price of Bitcoin is around 107,000, fluctuating within the 106,500–108,250 range over the past 48 hours, with reduced volatility but no clear breakout formed, showing a neutral to weak trend in the short term. The key resistance level is 108,200, and the support level is 105,500. Ethereum is closely following Bitcoin's rhythm and is also in a fluctuating state today, with slight upward movement but insufficient momentum.
From a technical perspective, the overall market is in a stage of tug-of-war between bulls and bears today, with key level contention being crucial. Bitcoin's high resistance level is evident, and a bearish divergence is observed on the 30-minute chart, with clear differentiation between RSI and price, and MACD momentum weakening. On the 4-hour chart, MACD forms a death cross, with insufficient momentum on the DIF line and a clear downward trend. Ethereum's fluctuation range is between 2,377 and 2,460, with a brief bullish streak this morning, slowly lifting the K-line, MACD shows a golden cross but with insufficient volume, overall energy is weak, the Bollinger Bands are clearly tightening, and RSI shows overbought conditions. Overall, the market's bullish energy is insufficient; one can cautiously pursue short-term highs, but the long-term outlook remains bearish.
Operation Advice:
Short Bitcoin near 107,300–107,500, stop loss at 107,600, target at 106,600–106,300.
Short Ethereum near 2,460–2,480, stop loss at 2,470, target at 2,420–2,400.
