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1.20 Bitcoin Ethereum Evening Analysis
Currently, from a technical perspective, the 4-hour chart shows Bollinger Bands in an open state, with the bulls gradually weakening, constantly testing the lower band, and likely to break below the support level soon. The KDJ indicator is opening downward, indicating a clear bearish dominance in the market. The MACD indicator is also opening downward, forming a death cross, and is below the zero line. This suggests that the bearish trend has already taken control. For future trading, consider shorting on rallies.
Bitcoin around 91300, look for 90000
Ethereum around 3100, look for 3000