Based on the 4-hour candlestick chart, the previous high pressure at 96,800 is still quite evident, and the price has fallen back to around 95,100. Currently, it is oscillating back and forth at a high level.
Although the daily MACD indicator is still in a bullish range, the red histogram is continuously shrinking, indicating that the bullish momentum is gradually weakening. On the 4-hour timeframe, the DIF and DEA lines are getting closer, and a death cross seems to be forming. The short-term correction expectation is gradually strengthening.
For Bitcoin, this rebound can be shorted in the range of 95,500-96,200, with the lower targets at 94,000-93,000. As for Ethereum, focus on the resistance around 3,350-3,330, and similarly look for short opportunities, with targets at the key support levels of 3,200-3,100. #Strategy加仓BTC $ETH
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Based on the 4-hour candlestick chart, the previous high pressure at 96,800 is still quite evident, and the price has fallen back to around 95,100. Currently, it is oscillating back and forth at a high level.
Although the daily MACD indicator is still in a bullish range, the red histogram is continuously shrinking, indicating that the bullish momentum is gradually weakening. On the 4-hour timeframe, the DIF and DEA lines are getting closer, and a death cross seems to be forming. The short-term correction expectation is gradually strengthening.
For Bitcoin, this rebound can be shorted in the range of 95,500-96,200, with the lower targets at 94,000-93,000. As for Ethereum, focus on the resistance around 3,350-3,330, and similarly look for short opportunities, with targets at the key support levels of 3,200-3,100. #Strategy加仓BTC $ETH