The current price has effectively fallen below the lower boundary of the recent upward channel and the short-term dense support zone of 83000-83500. The short-term ascending structure has been damaged, turning bearish dominant. The fast and slow lines formed a death cross above the zero axis and accelerated downward, with the green momentum bars significantly expanding, confirming the short-term downward trend. The movement of Ethereum basically follows Bitcoin, but the decline is deeper, having completely retraced recent gains and testing the lower edge of the previous fluctuation range. The market is currently in a consolidation state after a significant drop, but there are no signs of a substantial rebound. Although short positions can continue to be entered in the afternoon operations. #BTC #ETH
Bitcoin can be shorted around 83000-83500, target 81000
Ethereum can be shorted around 2780-2800, target 2670