Weile Morning Thoughts

BTC Trading Suggestions

You can gradually establish short positions in the range of 96300 - 96800, with initial target prices looking towards the range of 95000 - 93000.

ETH Trading Suggestions

Establish short positions in the range of 3360 - 3390, with a target price of 3300.

BTC Technical Analysis

After the previous daily K-line reached the key resistance level of 100,000 and then declined, the price is operating below the lower band of the daily Bollinger Bands, indicating dominance of the bears. On the 4-hour chart, although there was bullish support after forming a double top pattern, there is a high probability of encountering selling pressure when testing upwards again.

ETH Technical Analysis

The overall market is bearish, affecting ETH. Although there is resistance from the bulls, the bearish forces are strong under the influence of technical patterns and market trends, making it difficult to have an independent trend. Investors should operate cautiously and adjust strategies flexibly based on market changes. #BTC #ETH