From a technical analysis perspective, the bullish momentum on the daily chart is weakening, and trading volume is shrinking. Prices are fluctuating near the middle band of the Bollinger Bands, with unclear directions for the MACD and KDJ indicators, leading to a stalemate between bulls and bears. The trend on the 4-hour chart is clear. After the candlestick broke below the lower band of the Bollinger Bands, there was no rebound, continuing the downward movement, which has led to an expansion of the Bollinger Bands' opening and may enhance short-term momentum. The moving averages are in a downward arrangement, confirming weakness. The 1-hour chart shows a formed downward trend. The price is running closely along the lower band of the Bollinger Bands, with the upper and middle bands continuing to decline and the opening expanding, accumulating momentum. If the price cannot effectively break through the resistance of the middle band, it is highly likely to continue the downward trend.
Today's strategy suggests focusing on rebounds for short positions:
Bitcoin 106000-106500 short,
looking at 104500-104000.
Ethereum 2420-2450 short,
looking at 2350-2300.
