Bitcoin and Ether Market Analysis and Trading Suggestions

Market Overview:
Bitcoin continues to exhibit a weak downward trend today, with a minimum intraday touch around 93000 followed by a slight rebound, currently trading in the range of 94200-94300. The daily decline is approximately -1.3%, with a net outflow of funds exceeding 520 million USD, and the market's bearish sentiment remains significant. Overall, the price is still operating within a descending channel, lacking effective reversal momentum.
Technical Analysis:
• Daily level: The candlestick continues to operate between the lower and middle bands of the Bollinger Bands, with a weak structure that has not fundamentally changed. The MACD green bars continue to expand, indicating that bearish momentum is still being released; the RSI indicator has fallen to the 30-35 range, approaching the oversold area, but there is still no clear signal of an upward turn. The overall rhythm is bearish, and the trend has not stabilized yet.
• 4-hour level: The current trend continues a low-level oscillation pattern, with the moving average system showing a complete bearish arrangement. Although the lower 93000 level has been tested multiple times, it has not yet been effectively broken, indicating a short-term technical rebound demand. The KDJ indicator has just formed a golden cross from a low position, but the upward momentum is limited, and a weak correction is expected to be the main focus. There may be a short-term rebound, but the overall structure still leans towards bearish.
• 15-minute level: A preliminary stop-loss signal has formed near 93000, but the rebound volume is weak. The MACD has a golden cross at a low level, indicating a short-term need for correction, but it has not changed the overall downward direction. If the rebound fails to effectively break through the 95000 level, the price will still be under pressure to fall back.
Key support and resistance levels:
• Resistance levels: 95000, 96600
• Support levels: 93000, 91200
Operational Suggestions:
1. Short Position Strategy: You can strategically place short positions in the range of 94800-95500.
• Target levels: 93000, 91500.
2. Long Position Strategy (Aggressive/Testing): If the price stabilizes in the range of 93000-93500 and does not break, a small position can be tested for a long.
• Target Price: 94800.
• Stop Loss Level: 92200.

The short target position near Ethereum 3100-3150 is expected to reach 2900-2850.