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September 17, 06:53
Analysis:
Bitcoin and Ethereum are consolidating at high levels, with the daily charts moving sideways instead of rising. The longer the sideways movement continues, the weaker the weekly bullish momentum will become, and the probability of a decline will keep increasing. At present, Bitcoin and Ethereum have both established a bearish trend on the 4-hour charts. As long as the body of Bitcoin's 4-hour candle does not break above 79,600, it will continue to fall; Ethereum is the same if it does not break above 2,615.
Today's market: Bitcoin and Ethereum are consolidating within narrow ranges. Bitcoin (75,000–76,600), Ethereum (2,370–2,430). As long as the consolidation ranges are not broken, short at highs and long at lows, with stop-losses placed outside the ranges.