$BTC $ETH

Yesterday, the overall market trend was downward, and the market began to pull back. In our article yesterday, we also mentioned that it is possible to take a light position in short orders. Currently, we are still holding onto our short positions. The major currency is still much stronger than the altcoin. First, we need to see if this round can break the support below. The support for the major currency is around 104000, while for the altcoin, it is around 2790. If these two positions break again, the major currency will march towards 10000.

Looking at the technical aspects, first, the hour-level Bollinger Bands have been fully opened, but bearish sentiment is strong. The middle line of the Bollinger Bands at the four-hour level is still upward, but the MACD has converted entirely to bearish. The daily level is also overall upward. Therefore, short positions can still be held, while the layout for long positions can wait a bit longer.