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According to the current market data, the four-hour level shows a six consecutive downtrend, with strong resistance above in the short term. The long positions lack momentum to organize an effective counterattack, and the market presents a weak shape, with prices continuously probing the bottom. Overall, the market is still under the control of short positions. The one-hour level shows a five consecutive downtrend, with prices strongly breaking through the lower band of the Bollinger Bands. The market is still in a short positions area, with the support level constantly moving down, allowing for confident short positions at high levels.
Bitcoin: Short positions can be taken in the range of 91500-92000
Target 89000-88500
Ethereum: Short positions can be taken in the 3050-3100 range.
Target 2900-2850 $BTC $ETH