$BTC $ETH Bitcoin and Ethereum's intraday outlook is to short at high levels; this rebound is essentially a correction after a decline. The price has repeatedly tested the upper band and previous high areas but has failed to break through effectively, indicating typical weak upward momentum. The Bollinger Bands are now flattening or showing slight convergence, suggesting that short-term momentum is weakening and the upward space is being compressed.



The MA7 and MA30 are gradually converging, with the price oscillating around the moving averages without forming a strong bullish divergence. This structure often indicates not a strong upward trend but a setup for the next directional move. Currently, it leans more toward a pullback after high-level consolidation. The MACD has already shown a high-level decline, with the red bars shrinking and turning green, indicating a clear weakening of momentum. The KDJ is showing a death cross at high levels and diverging downward, increasing the need for a short-term correction.

Bitcoin: Short around 75,300
Target: 74,000-72,000

Ethereum: Short around 2,350
Target: 2,310-2,270

This wave is not a strong trending rise but more like the end of a rebound. High-level consolidation is just an opportunity to short; avoid chasing longs at resistance levels.
BTC3.56%
ETH3.88%
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