In the hourly chart, it currently shows a range-bound fluctuation. There is heavy selling pressure above during the morning session, and every time it tries to push higher, it gets pushed back, clearly showing weakness.



The rebounds are all long upper shadows, indicating no real upward momentum, and the price remains below the 30-day moving average. Although the technical indicators have issued a golden cross, the trading volume has been shrinking, and the bulls are unable to mount a strong counterattack. The market still favors the bears.

In terms of trading: short Bitcoin at 76,400 directly, with a first target of 75,500; follow the Bitcoin trend and short Ethereum accordingly.
BTC1.92%
ETH1.74%
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