Reviewing the market sentiment from early morning to now, Bitcoin's lowest dip was around 78,720, then it started to retrace and rebound to around 79,300. Ethereum is moving in sync with Bitcoin, currently fluctuating around 2,250.


From the daily chart, the three consecutive bearish candles temporarily broke below the midline at 79,045, indicating the bulls' momentum has weakened. Ethereum is also mainly dominated by bearish momentum, with short-term moving averages showing a bearish alignment, indicating medium-term weakness. On the four-hour chart, the Bollinger Bands are opening downward, with the price approaching the lower band at 79,260, but the support at the lower band has not been effectively broken, and the bearish momentum is still being released.
This morning, shorting Bitcoin at 79,500-80,000 with a target around 78,500.
This morning, shorting Bitcoin at 2,270-2,300 with a target around 2,180.
BTC2.48%
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