From the current technological structure, looking at the weekly K-line level, after a price rise, there was a pullback to a bearish close, and the energy of the momentum is lacking power. Overall, it has entered a consolidation state. Although the downward space did not continue, it will still take some time to recover upward. The downward space from tonight to midnight still needs to be further released.
At the daily level, the price oscillated and rose but was blocked and started to fall back. The momentum energy has not been converted, and it continues to maintain a bearish pattern. After a wide range of tug-of-war, it has been in a weak downward trend. There are already signs of an open channel below. Now we just need an opportunity; the moving averages have not formed a rounded upward trend. The daily chart also shows that the support level has been continuously moving downwards, which gives us a signal to wait for the bearish breakout. Considering the above points, we still treat the evening with a bearish outlook.
Saturday night operation suggestion:
Bitcoin: Short around 98300, target 97000
Ethereum: Short around 3610, target 3550