From a news perspective, the trade agreement between the U.S. and Vietnam is a short-term positive for Bitcoin and Ethereum prices. From a technical analysis standpoint, on the four-hour chart, after two consecutive bearish candles, a bullish candle has emerged, indicating continued bullish momentum. The KDJ lines are diverging upwards, but the RSI indicator has formed a death cross and is turning down, showing that although there is upward momentum, the pressure at the 110,000 level is significant; on the hourly chart, after five consecutive bearish candles, three bullish candles have strongly reclaimed lost ground, but the pressure above still exists. After a significant move, the demand for retracement is evident. If the 110,000 level does not break, a short position may be considered. Ethereum (ETH) follows a similar trend, with a key resistance level around 2,620.
In terms of trading strategy,
Bitcoin can be shorted around 109,950-109,450, targeting 109,000-109,200;
For Ethereum, it is recommended to short around 2,650-2,700, targeting 2600#币安Alpha上新 #Solana质押型ETF .