The daily chart of Bitcoin shows signs of a double bottom, which indicates that the price may have a certain ability to pull back and rise after hitting the bottom. The KDJ indicator shows that the bottom has turned upward, while the MACD fast and slow lines are still running below the zero axis, although the short energy is slowly shrinking. Although the daily chart shows some signs of bottom repair as a whole, it has not yet broken through the falling channel to form a bullish market. Therefore, focus on whether the price on the daily chart can break through and stabilize at the 61,500 line.
On the short-term four-hour chart, the price is currently running near the middle track of the Bollinger Bands, and there are signs of breaking through the upward pressure of 59500. Overall, the short-term four-hour chart may provide reference operation points in the future. On the one-hour chart, the currency price has opened the Boll rising channel, but it also shows certain signs of top divergence, so it is necessary to pay attention to the suppression level of 60500.
Based on the above situation, it is recommended to adopt a short-selling strategy when Bitcoin rebounds subsequently.
As for Ethereum, the daily chart has re-broken the 3000 integer mark, but it is facing severe daily high selling pressure, which is a normal market behavior. Despite this, it is recommended to still focus on shorting on the daily chart. On the short-term four-hour chart, the Bollinger Bands show signs of closing, and there may be a shock upward trend to the 3100 line in the future, but pay attention to the selling pressure of 3100-3150 above. On the one-hour chart, the price has opened a Boll rise, but the short-term suppression focuses on the vicinity of 3050, and the support below focuses on the 2980 line.
Based on the above situation, it is recommended to adopt a short-selling strategy when Ethereum rebounds.
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