Bitcoin and Ethereum Analysis

From the 4-hour level trend observation, after experiencing a sharp decline during the day, the market has entered a repair phase, but the overall rebound strength is limited, and in the short term, it remains in a structure dominated by bears. In terms of candlestick patterns, the bearish engulfing pattern formed by the previous significant decline has not been effectively repaired, and during the rebound process, small real-body bullish candles have appeared consecutively, indicating insufficient sustainability of bullish momentum.

Trading Advice: Focus on short positions during the rebound

Bitcoin: Short near the rebound to 88000–89000

Target towards 86000, with further targets down to 84500

Ethereum: Short near the rebound to 2860–2900

Target towards 2820, followed by 2750

Initial support for Bitcoin is around 85000, and resistance above is in the range of 89000–90000.

If Bitcoin effectively breaks through 89000 and stabilizes, it is important to pay attention to the possibility of a short-term trend turning strong, and it is advisable to adjust positions in a timely manner, waiting for new highs to stabilize before making judgments. #加密市场回调 #美SEC推动加密创新监管