At midnight, the Bitcoin market began to decline from the high point of 94644, with prices continuously sliding down to around 91055. Subsequently, the market initiated a rebound. Ethereum, on the other hand, faced pressure from the high point of 3337 and corrected, after which its price fluctuated downwards. During this downward process, its price kept decreasing, with the lowest point reaching 3156 before stopping the decline. Courage is about controlling fear rather than being completely devoid of it.
From a daily perspective, the price has experienced a technical change by breaking the midline, and the downward channel pattern has formed. The moving averages continue to decline at different rates. Looking at the 4-hour chart, the support below is consistently moving downwards without a strong rebound buildup, currently in a weak consolidation pattern, with the price having reached the support of a low point. Based on various technical analyses and market performance, it is expected that there will be a slight rebound recovery due to overselling in the upcoming short-term.
Bitcoin: Buy around 91500-92000, short-term target 95300
Ethereum: Buy around 3160-3190, short-term target 3300
