Bitcoin/Ethereum began to fluctuate and accelerate downward around ten o'clock last night, with Ethereum dropping directly by 400 points from its peak. The bearish trend is quite strong, and this decline feels more like an emotional release. Moving forward, pay attention to whether the daily level support at 3300 and 95000 can continue to break. If it breaks again, the market will face another decline. In terms of Bitcoin/Ethereum candlestick patterns, there has been a significant selling pressure recently, forming a large bearish candlestick. The recent candlesticks show a downward trend and are accompanied by increased volume. On the technical indicators, the MACD fast and slow lines have been diverging downward after a death cross at a high level, indicating that the bearish force is dominant. The RSI has fallen from the overbought zone and is currently in a neutral to weak area (38.2), indicating further downside potential; however, there might be a rebound at the lower edge of the range that can be managed well.

In terms of operations, it is recommended to enter long positions for Bitcoin around 95500 to 96000, targeting around 98000; for Ethereum, enter long positions around 3300 to 3330, targeting around 3400, with stop losses at 95000 and 3280. #加密市场回调