The recent market analysis for Bitcoin (BTC) and Ethereum (ETH) suggests a bearish trend for both cryptocurrencies in the short term.
For Bitcoin, the price has broken below several key support levels, indicating potential further downside. The market sentiment is cautious, with many traders expecting the price to continue to decline in the coming days.
Similarly, Ethereum is also showing signs of weakness, with its price falling below critical moving averages. The overall market sentiment around Ethereum is bearish, and it's likely that the price could decrease further in the near term.
Based on the current technical indicators and market news, it would be prudent to consider a short position if you are trading futures, as both BTC and ETH appear to be heading downward $BTC $ETH