Thursday's daytime BTC/ETH latest thoughts hold different views
Currently, Bitcoin is once again under pressure and in a downtrend, with the momentum from the previous rebound significantly fading and the enthusiasm of bulls clearly cooling off.
From a four-hour perspective, after the rebound touched a key resistance level, it failed to achieve an effective breakthrough, leading to a rapid pullback, leaving a clear long upper shadow pattern on the K-line chart. This pattern clearly indicates heavy selling pressure above, and the bulls lack the momentum for sustained upward movement, significantly weakening the short-term rebound.
In terms of technical indicators, the MACD indicator established a death cross pattern after forming a top divergence signal earlier, continuing to extend downward, with the green histogram energy continuously expanding, indicating that the bearish downward momentum is gradually deepening, further enhancing the certainty of short-term downward pressure.
Bitcoin: Short around 94500, look for 92000
Ethereum: Short around 3250, look for 3100
