From the hourly chart, the trend is still in a downtrend channel, and the rebound in the middle cannot even break above the moving averages, indicating that the bulls currently have no strength to counterattack. Although there is some support below, it is only a temporary pause during a sharp decline and does not mean a rebound is imminent.
Short-term suggestions:
· Look for short opportunities on BTC in the 92,800-93,800 range, with a target downward at 91,000-90,200
· Look for short opportunities on ETH in the 3,250-3,280 range, with a target downward at 3,150-3,100
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From the hourly chart, the trend is still in a downtrend channel, and the rebound in the middle cannot even break above the moving averages, indicating that the bulls currently have no strength to counterattack. Although there is some support below, it is only a temporary pause during a sharp decline and does not mean a rebound is imminent.
Short-term suggestions:
· Look for short opportunities on BTC in the 92,800-93,800 range, with a target downward at 91,000-90,200
· Look for short opportunities on ETH in the 3,250-3,280 range, with a target downward at 3,150-3,100