From the daily chart perspective, both (Bitcoin) and (Ethereum) are showing a three consecutive bearish trend, with K-line patterns being very similar, indicating strong bearish forces and a clear downward market trend. Although there have been some weak rebounds during this period, the overall structure still maintains a downward probing trend. As of now, Bitcoin has dropped to a low of 91055, while Ethereum has also touched a low of 3156. It is worth noting that although there are slight signs of stabilization in the current price ratio of the two, the overall market still appears to be relatively weak.
Switching to the 4-hour chart, Bitcoin shows a stair-step downward fluctuation pattern. From a technical indicator perspective, the MACD indicator continues to operate below the zero line, and the green momentum bars are constantly expanding, indicating that bearish forces dominate. At the same time, the moving average system shows a bearish arrangement, with the 5-day moving average continuously suppressing the 10-day and 20-day moving averages, further reinforcing the downward trend. In such a weak market, even if bulls occasionally rebound, it is difficult to change the overall downward probing rhythm, with prices gradually extending downwards step by step.
Bitcoin intraday 93700 support at 800, temporarily seeing 92000.
Ethereum intraday 3260 support at 40, temporarily seeing 3180.