Based on technical analysis, BTC has formed a double bearish engulfing pattern on the daily chart, indicating a continued downward trend. The EMA trend indicator is still oscillating downward and hasn't stabilized, suggesting the bearish momentum may persist. The MACD is still decreasing in volume, with DIF and DEA spreading downward. The price has once again broken below the lower Bollinger Band at 101,800, moving outside the Bollinger Channel.
The four-hour chart shows an N-shaped correction, with the EMA trend indicator pointing downward, confirming the ongoing bearish spread. The MACD's volume is decreasing, and DIF and DEA are contracting at low levels. If the previous low of 98,000 is broken, there is a high probability of a death cross forming.
Bitcoin (BTC) trading suggestion: Buy near 100,000–100,500 with a target around 103,000.
Ethereum (ETH) trading suggestion: Buy near 3,300–3,280 with a target around 3,450.
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Based on technical analysis, BTC has formed a double bearish engulfing pattern on the daily chart, indicating a continued downward trend. The EMA trend indicator is still oscillating downward and hasn't stabilized, suggesting the bearish momentum may persist. The MACD is still decreasing in volume, with DIF and DEA spreading downward. The price has once again broken below the lower Bollinger Band at 101,800, moving outside the Bollinger Channel.
The four-hour chart shows an N-shaped correction, with the EMA trend indicator pointing downward, confirming the ongoing bearish spread. The MACD's volume is decreasing, and DIF and DEA are contracting at low levels. If the previous low of 98,000 is broken, there is a high probability of a death cross forming.
Bitcoin (BTC) trading suggestion: Buy near 100,000–100,500 with a target around 103,000.
Ethereum (ETH) trading suggestion: Buy near 3,300–3,280 with a target around 3,450.