From the four-hour level, the market has experienced a significant increase in volume, forming three consecutive bearish candles that retrace all of yesterday's gains. The price ratio has returned to operating within the range, and the momentum is further consumed, with expectations for further declines in the future.

From the one-hour level, the current price ratio is operating below the middle band of the Bollinger Bands, which is applying significant pressure in the short term. The upper band presents clear resistance; after the previous high and subsequent decline, the rebound process has not effectively broken through the middle band, and the trading volume is decreasing, lacking certain upward continuity. Although the lower band temporarily provides support, the overall trend of the Bollinger Bands is inclined towards downward guidance, and the overall technical pattern remains bearish.

Morning operation suggestions

Bitcoin around 118000 🈳, look for support at 116000

Ethereum around 4500 🈳, look for support at 4400 #BTC走势分析 #ETH