1. Logical Support

- Macro Linkage: BTC remains volatile at high levels with weakness, ETH continues to underperform compared to Bitcoin, market funds favor BTC for safe haven, leading to insufficient rebound momentum for ETH.
- Technical - 1 Hour: MACD turns downward near the zero line, RSI at 46, KDJ diverging downward, indicating short-term dominance by bears.
- Technical - 4 Hours: Bollinger bands are narrowing, price is under pressure below the middle band, EMA30 shows clear resistance, rebound is weak.
- Support/Resistance: Support: 1970, 1950; Resistance: 2000, 2015.
- Volume: Intraday volume shrinks with oscillation, market sentiment is cautious, the window for direction choice is before 9 AM.

2. Trend Qualitative

Short-term sideways with bias to the downside → Rebound faces resistance, bears are dominant, range 1970-2000

- Only if it stabilizes above 2000 can it turn to sideways with a slight bullish bias; a break below 1970 opens space below 1950.

3. Practical Targets

- Short (main) - Entry: 1998-2005
- Targets: 1980 → 1970 → 1955
- Long (secondary, light position) - Entry: 1965-1970
- Targets: 1985 → 1995
$ETH $BCH $BTC

ETH-1.95%

BTC-1.27%

BCH-3.92%

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BlueSevenCommunity

· 4h ago

Bitcoin early morning is seeing a wide-range, range-bound sideways movement. The price keeps tugging between 73,500 and 74,200; it surged to 74,179 before meeting resistance and falling back. The short-term bulls-and-bears game has fallen into a stalemate.

From the current market picture, the daily Bollinger Bands are opening downward, and the price is moving in the lower-middle to lower-band area, with clear pressure above. After dropping from the high at 82,828, the price is currently only in a low-level consolidation phase following the big selloff; the overall bearish major trend has not changed. On the 4-hour timeframe, after confirming the low at 72,436, it has moved sideways to base. The Bollinger Bands are gradually tightening. Although there is a short-term technical repair, it is only a weak rebound during the falling process, not a trend reversal. On the hourly chart, it has repeatedly attempted to push up toward 74,250, but it faced resistance. The upper Bollinger Band forms a strong ceiling, and bullish momentum continues to fade. The market needs a pullback to confirm support. Overall, the outlook going forward can remain unchanged: keep positioning for shorts from higher levels!

Bitcoin: short near 74,000-74,600, looking down at 72,500-71,000; if it breaks, then look for 70,100.
Ethereum: short near 2,020-2,050, looking down at 1,950-1,850 $BTC $ETH $IOST

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PrincessQingyue

· 6h ago

Worn-out your soil clods, then spit, burst, burst, picture, picture, consider, picture, bunny, bunny

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