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You can follow the public account Gu Jingci, focused on mainstream coin guidance and layout.Bitcoin and Ethereum have been in a continuous sideways volatility for the past two days, with very poor continuation for both long and short positions. Bitcoin is slightly stronger but is also constantly declining. On the 4-hour level, the recent range is oscillating narrowly, with small candlestick bodies, indicating that the market is in a state of consolidation or hesitation. The daily chart also conforms to the characteristics of a pullback after a sharp rise and fall. The current price is consolidating near the lower end of the recent downward wave. Technical indicators show that the DIF line and DEA line on the 4-hour chart are both running below the zero axis, with the DIF line below the DEA line. The MACD histogram is negative, indicating that the current market is in a bearish trend. The negative value of the MACD histogram has decreased, which may indicate that the bearish momentum is weakening.


Looking at the 4-hour and daily MA indicators, all are beginning to turn downward. The upper short-term resistance around 78000 and 2330 to 2340 is obviously beginning to come under pressure, but there is also some support at the lower short-term level. It depends on whether this position can continue to break upward and stabilize; otherwise, it is highly likely to form a bearish continuation pattern after a high surge, and the market will have further declines. Bitcoin has also ended several days of consecutive rising trends and has started to decline, but without any news stimulus over the weekend, we can only be more patient.


Operational advice: Enter short for Bitcoin around 77700 to 78000, targeting around 75000 to 76000; enter short for Ethereum around 2320 to 2340, targeting around 2230 to 2260.

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