$BTC 2.27 Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions

From a technical perspective, the four-hour chart shows clear bearish signals. The current candlestick forms a strong large bearish body, sharply declining toward the middle band support of the Bollinger Bands. Although it appears to be testing the lower support level, the downward momentum seems weak, lacking effective stabilization or rebound energy. Regarding the MACD indicator, the momentum bars continue to shrink, clearly indicating that the bullish strength is gradually waning; at the same time, the fast and slow lines have formed a death cross at high levels and are diverging downward, opening up ample space for the price to further test the next support level.

Switching to the one-hour chart, the trend is more straightforward. Candlesticks are continuously oscillating around the lower Bollinger Band, with the oscillation range widening. The Bollinger Band opening expands in sync with the price decline, indicating that the short-term downward trend is still strengthening, and bearish momentum has not yet fully released.

Overall, the current market remains dominated by a bearish trend, with no obvious signs of stabilization or reversal in the technical pattern. In terms of trading strategy, it is recommended to follow the trend, mainly shorting on rebounds. When the price retraces to key resistance levels, consider opening short positions to bet on further declines.

Tonight, Bitcoin can be shorted around 67,200, targeting 65,000.
Ethereum can be shorted around 2,000, targeting 1,920.