ETH's recent price has been fluctuating back and forth. The upper resistance is around 1665, and the lower support is at 1600. From the hourly chart, it can be seen that since the previous rebound, ETH has been in a downtrend, with three consecutive declines below. It finally rebounded from 1600, and the upper track pressure is at 1665. As the market develops, the upper pressure will continue to decrease. Currently, the upper resistance appears to be around 1650. From the combination of moving averages, the price is suppressed by the MA50, and the red volume of the MACD is gradually decreasing. In the short term, it is still in a retracement trend.

It is suggested to short in the range of 1638-1648 during the day, with a target to look at the lower 1618 and defend at 1655.

BTC's trend is completely opposite to ETH's. It can be seen that the trend of BTC has been upward all the way, and the current price is close to the lower support. In the short term, there is still a possibility of testing the lower support. It is recommended to go long at the entry range of 27750-27650, with a defense at 27500, and a target to look at the upper pressure of 28300.

Choice is far greater than effort; destiny is only responsible for shuffling, and it is always us who play the cards. Some people see opportunities and seize them, while others see traps and fear. Just like the current market, seizing opportunities is the most important.

For those who like the author's ideas and want to seek advice, please pay more attention to the WeChat public account: "Ziyalunbi."

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