Analysis at 7:24 AM

Four-hour chart: The market fluctuated and broke through the middle band of the Bollinger Bands, followed by a large bearish candle. The MACD formed a death cross and the values are in the negative zone, indicating a clear dominance of bears.

One-hour chart: After two consecutive bullish candles, a large bearish candle retraced. The Bollinger Bands are opening downwards, the middle band is moving down, and the moving averages are in a bearish arrangement. However, the bearish candle has a lower shadow, indicating that there is short-term support at the lower band, and the market rebounded slightly. It is suggested to go short on the rebound in the early morning.

Trading suggestions:

For Bitcoin: range between 118600-119100, target down to around 117600-116600.

For Ethereum: range between 3630-3660, target down to around 3480-3530. $BTC $ETH #BNB创新高 #BNB创新高 #NFT板块领涨 #稳定币监管风暴 #稳定币监管风暴