Monday daytime BTC/ETH latest thoughts
Currently, the four-hour level shows a high-level oscillation with a bearish bias. The short-term battle between bulls and bears has entered a heated stage, with clear divisions of core support and resistance zones, and the competition for key positions is becoming increasingly fierce.
Looking back recently, after experiencing a quick decline, the current overall situation is in a relatively low area of consolidation. Technical indicators provide clear directional guidance; the KDJ indicator shows a death cross pattern where the K line crosses below the D line. This signal not only releases a warning of short-term market overselling but also suggests that the bearish momentum is likely to continue. Combining the current candlestick pattern and changes in volume, the technical aspect overall presents a bearish dominant pattern; the short-term downward momentum has not yet fully released, indicating further room for decline.
Bitcoin: 91500-92500 short, looking at around 90000.
Ethereum: 3100-3150 short, looking at around 3000.
Personal opinion for reference only, not intended as investment advice!
