Market Analysis

Bitcoin:

On the four-hour timeframe, the rebound failed to continue, and the Bollinger Bands index is running near the midline. The MACD technical indicator shows a continued bearish cross state, and the KDJ three-line bearish cross is extending downward. According to the technical indicator analysis, the short-term is in a consolidation phase with little volatility. It is recommended to adopt a strategy of shorting on the rebound at a price range of 34800.

Ethereum:

On the four-hour timeframe, the retracement bottom gradually rose, with the high point continuously breaking through but failing to continue. The Bollinger Bands index is running near the midline, and the MACD technical indicator shows a continued bearish cross state, with the KDJ three-line bearish cross extending downward. According to the technical indicator analysis, there is little hope for short-term upward movement on the market, and the upper resistance remains unreachable. Overall, the market is dominated by a oscillating trend. It is recommended to adopt a strategy of shorting on the rebound at a price range of 1830-1860.

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