Morning Analysis


Yesterday's market was dominated by bears, with sideways downward movement during the daytime, continuing the decline into the evening. In the early morning, it touched the 68,100 support level and then stabilized with a rebound, currently consolidating around 68,700.
The four-hour bearish structure is clear; although it broke below the middle and lower bands of the Bollinger Bands, it has not yet reached the critical support at 67,300. Look for a rebound to short again at higher levels.
Trading Recommendations
Consider short positions around 69,000-69,500 for Bitcoin, targeting 67,000-67,500.
Consider short positions around 2,090-2,120 for Ethereum, targeting 1,980-2,000.
BTC-4.64%
ETH-4.18%
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