Bitcoin Ethereum Analysis
The short positions continue to push down the market, with Bitcoin touching a low of around 91250. After Ethereum broke the 3000 level, it fell to around 2958.
The hourly chart shows that the market has continuously formed three bearish candles, continuously reaching new lows, with downward space continuing to open. The overall trend is still in the process of finding a bottom, and there are no obvious signs of a stop in the decline yet.
In the morning, we will continue to maintain a bearish outlook.
Trading Suggestions
Bitcoin: Short near 92300-92500
Target: Around 91000
Ethereum: Short near 3040-3060
Target: Around 2950
