Yesterday's Market Review:
BTC encountered resistance around 93100 in the early morning and fell back, with a low of 87976 in the evening. The overall volatility exceeded 5200 points, currently fluctuating around 88800.
ETH fell from 3227 to 2978, with a decline of about 220 points, currently around 2990. Yesterday, it demonstrated a clear one-sided downward movement.
Market Analysis:
On the four-hour level, BTC recorded three consecutive bearish candles, with the Bollinger Bands converging and the moving averages in a bearish arrangement; the MACD showed a death cross, and momentum continues to increase, overall still in a downward trend.
On the one-hour level, the middle and lower bands continue to move downward. Although there was a slight rebound after the price broke below the lower band, the momentum is insufficient, with upward movement remaining weak.
According to historical patterns, Saturdays are often for corrective movements, likely leading to narrow fluctuations. However, the current downward channel has opened, and the continuity of the trend should be closely monitored.
Operational Suggestions (for reference only):
$BTC : short near 89500, target 87500
$ETH : short near 3030, target 2900
