Market analysis this morning



Observing the four-hour time frame, the market has shown a significant bearish candlestick pattern after an initial upward trend. The price has fallen below the upper Bollinger Band support level, and both the KDJ and RSI technical indicators are showing a downward trend, indicating that bearish forces are currently dominating the market direction.

Shortened to one hour level analysis, two consecutive bearish candles are approaching the middle band of the Bollinger Bands, the KDJ indicator has formed a death cross and is continuing to move downward, indicating that bearish momentum remains strong in the short term.

Based on a comprehensive technical analysis, the market has shown a clear downward trend recently. For today's morning trading, it is recommended to primarily adopt a strategy of shorting at high levels.

Specific operational recommendations:
- BTC Direction: Consider shorting at the high position in the range of 107850-108750, with a target focus on support around 105500.
- ETH direction: You can pay attention to the rebound short-selling opportunities in the 2585-2610 range, targeting around the 2520 support level.

The market volatility risk is relatively high, please reasonably control your position based on your own financial situation and set stop-loss orders to protect your capital.
BTC-0,56%
ETH-4,1%
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