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Based on the technical analysis of the current 4-hour level, the market is still in a clear consolidation pattern. The Candlestick pattern exhibits typical characteristics of a trading range, with prices fluctuating repeatedly between the upper and lower boundaries, and no effective breakout signal has been formed yet. The upper resistance level and lower support level have both been tested multiple times, indicating strong technical significance. The recent price fluctuation range is gradually narrowing, forming a symmetrical triangle technical pattern. The MACD indicator hovers near the zero line, with the fast and slow lines frequently crossing, reflecting a relatively balanced power between bulls and bears. The RSI indicator remains oscillating in the neutral zone of 40-60, neither entering the overbought nor touching the oversold area, further confirming the current market's oscillation characteristics. Until a breakout occurs above, we will maintain our bearish outlook.
Bitcoin: Short positions can be opened around 108500-109000, with a short-term target of 107000.
Ethereum: Short position can be taken near 2580-2600, short-term target 25200 #BTC#