7. Today's Analysis and Strategy for Bitcoin and Ethereum Market Trends

Weekly level bearish pressure still firmly dominates; after the continuous weakness in the early stage, market bulls have low willingness to buy; each rebound faces resistance from the upper pressure and pulls back. At this stage, blindly bottom-fishing and going long has poor cost-effectiveness, and the potential downside risk far outweighs the profit gains.
On the 4-hour chart, the Bollinger Bands are moving downward overall, with prices under pressure below the middle band. The KDJ indicator is sluggish at low levels, and the bulls' counterattack strength is insufficient; selling pressure in the upper resistance zone is heavy. The trading approach remains to follow the bearish trend, waiting for prices to rebound to key resistance levels before gradually opening short positions, holding patiently for prices to decline again and test lower support levels.
Suggestions
$BTC Short Bitcoin near 59400-60200, target first 58500, if broken continue to explore the 57750 low#BTC走势分析
$ETH Short Ethereum near 1600-1630, target 1550 area, if broken, then look at the previous low around 1510#ETH走势分析