12.4 Afternoon Bitcoin & Ethereum Market Analysis and Trading Suggestions
The market's short-term upward momentum has entered a significant decline channel. Bitcoin has repeatedly tested the critical resistance level of 94100 but has failed to achieve an effective breakout, clearly indicating concentrated selling pressure and strong resistance in this area.
Technical warning signals have further intensified, with the 4-hour chart forming a technical resonance pattern that requires close attention:
- MACD Indicator: The fast and slow lines are flattening at high levels and gradually converging, with the red momentum bars continuously shrinking, directly confirming the ongoing depletion of market buying power.
Comprehensive judgment indicates that after a continuous upward trend, the short-term adjustment demand in the market has fully heated up. Unless Bitcoin's price stabilizes above 93500 again, and the technical divergence structure is effectively resolved, the overall trend will lean towards testing the lower support range.
Specific Trading Suggestions
Bitcoin: It is recommended to position short orders in the range of 93300-93900, with the first target aimed at 91800, and be sure to set strict stop-loss protection.
Ethereum: It is recommended to position short orders in the range of 3215-3230, with the first target aimed at 3120$BTC $ETH #币安区块链周 #加密市场观察
