Bitcoin and Ethereum Market Analysis

Bitcoin reached a new high around 99500 and then began a downward trend. Today, the price fell below the 97000 mark, hitting a low of 96200. Previously, the bulls were strong, but now the bears have released some energy. Looking at the four-hour chart, the Bollinger Bands have narrowed and are turning downwards, and the MACD shows a continued release of bearish energy. In my view, the market will certainly continue to decline; pay attention to the upper resistance levels for short positions, with the top range around 96700-97500. Ethereum faced resistance at the high point of 3498 and retraced below 3500, with the price dropping below the 3300 mark and hitting a low of 3282. It has bounced back for a correction, but after this round of repair, it will likely test the bottom again, potentially breaking below 3280. For Ethereum, also watch the upper resistance levels around 3330-3380 for gradual short entries. If recent market operations have not been ideal, consult btc0297 to discuss the market together.

Bitcoin Trading Suggestion: Enter short positions around 96700-97500, targeting: 95500-94800, with risk control at: 98300.

Ethereum Trading Suggestion: Enter short positions around 3330-3380, targeting: 3250-3180, with risk control at: 3420.