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After BTC found support around 95,500 in the early morning, it quickly rebounded to 97,100, but resistance above is evident, and it then fell back to around 95,000. Currently, the price is fluctuating around 95,700, and overall, the market is in a weak state.
From a technical perspective, the daily chart closed bearish with decreasing volume, and the moving average system has flattened and moved downward. The four-hour timeframe shifted from a bearish to a bullish signal but has not stabilized, and trading volume is gradually approaching the midline. More notably, the MACD has formed a death cross and is heading downward, while the KDJ indicator is dispersing downward. The hourly chart shows a decreasing Bollinger Bands pattern, gradually trending lower. Although the price rebounded after touching the lower band, the MACD has crossed below the zero line, indicating that selling pressure is gradually increasing.
In the short-term trading strategy, it is recommended to continue with a high-short approach. Specifically, shorting BTC in the 95900-96200 range is a relatively reasonable choice, with targets around 94800-94500.
For Ethereum, shorting around 3335-3355 also presents an opportunity, with resistance above at 3375-3385. Overall, the market faces clear resistance above, and the short-term main tone remains bearish.