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Good morning, currently around 1670. On the hourly chart, the trend is starting to weaken. Although it previously rose slightly due to relevant news stimuli, it now clearly cannot move higher. The short-term moving averages are beginning to flatten, and the price has started to drop below the moving averages. All indicators show that the bullish momentum is weakening, with signs of turning downward. Considering the multiple resistance zones above and the proximity to the top of the range, a primarily shorting strategy is preferred.
Candied orange is facing resistance around 63800-64500, and may test the 62400-61500 range later;
Ethereum faces resistance around 1685-1720, and may test the 1640-1605 zone later.
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