Evening Strategy
After noon today, Bitcoin and Ethereum have continued to decline.
Bitcoin has dropped below 95000, and Ethereum has dropped below 3600.
This afternoon, I suggested shorting Ethereum in high-end positions to capture a profit of 150 points.
The news front is still relatively calm.
From a technical perspective, Bitcoin's daily K-line MACD has formed a death cross, and KDJ is also turning downward. To change this trend, the four-hour chart must show a volume increase and an upward movement.
From the current trend, the four-hour chart's KDJ is still showing a golden cross pointing downward, so let's see if it can stabilize tonight. Currently, MACD does not show signs of stabilization.
This indicates a higher likelihood of continued decline tonight.
However, there is a positive sign: the daily K-line moving averages have not shown a downward turning trend.
This means that even if there is a decline, as long as the moving averages do not deteriorate, it is generally just a fluctuation, and everyone should not worry too much.
Ethereum's trend is similar to Bitcoin's.
Bitcoin's upper resistance is at 96500, and lower support is at 94000.
Ethereum's upper resistance is at 3750, and lower support is at 3450.
