Friday evening Bitcoin and Ethereum market analysis and trading suggestions
In the cryptocurrency circle, there are no eternal trends; fluctuations and reversals are the norm. Volatility contains opportunities, and oscillations test judgment. The market is always the ultimate validator; do not go against the trend or blindly follow, as aligning with the trend is fundamental for long-term stable profits.
Currently, bearish momentum continues to strengthen, and the structure is clear. Although there are alternating bullish and bearish candles on the four-hour chart, the small bullish candles have difficulty sustaining, with rebounds being fully retracted by bearish candles. The K-line has strongly penetrated the middle band of the Bollinger Bands and continues to decline, confirming the bearish dominance. The hourly chart shows a significant bearish volume decline, with consecutive bearish trends steadily pushing the market down without signs of weakening.
The MACD's top divergence and death cross continue to deepen, with green bars shrinking and bearish bars increasing, indicating significant control by the bears. It is recommended to follow the trend in operations, shorting on rebounds under pressure, and to avoid blindly catching a falling knife.
Trading suggestions:
Bitcoin 91500-92000 range short, target looking at below 90000
Ethereum 3130-3170 range short, target looking around 3000
