Bitcoin and Ethereum Evening Thoughts
Currently, the daily trend for Bitcoin is weak and volatile, with two core prices to watch:
The support line is around 85000. If the daily closing price falls below this level, it is likely to drop further, with support around 78000-80000.
If it rallies, it will first encounter resistance at around 88000-89000, which is difficult to surpass; to truly reverse the trend and strengthen, it needs to stabilize above 91000.
The indicators are also not encouraging. MACD is a bearish signal, and while RSI shows some signs of not being able to drop further, it has not yet reached the level of reversal. The current rebound is mainly a technical pullback after a significant drop.
Bitcoin short position near 90000-88500, looking down to 85000-86000.
Ethereum short position near 3000-2950, looking down to 2800-2730$BTC
