From today's Candlestick pattern, the current market has shown a clear top formation and flat top pattern, and these technical indicators clearly demonstrate the significant selling pressure above. The appearance of shaven head shaven bottom Bearish lines further confirms that the sell orders are dominating the market trend. However, it is worth noting that the flat bottom pattern also indicates that there is still some buying support below.
Analyzing the market trend, the price is currently fluctuating around the 1/2 angle line, which indicates that the previous upward trend has reached a temporary halt, and the market is gradually shifting towards a bearish oscillating pattern. On the technical side, the 106400 level has formed the current bottom support area, while 108300 and the previous high of 110653.6 constitute the main upper resistance levels.
Operation suggestion for BTC: Consider selling when the price rebounds to the range of 107700-108500, with a support target around 106500 below.
For the trading strategy regarding ETH: consider selling when the price rebounds to the range of 2775-2810, with a target position near 2680.
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From today's Candlestick pattern, the current market has shown a clear top formation and flat top pattern, and these technical indicators clearly demonstrate the significant selling pressure above. The appearance of shaven head shaven bottom Bearish lines further confirms that the sell orders are dominating the market trend. However, it is worth noting that the flat bottom pattern also indicates that there is still some buying support below.
Analyzing the market trend, the price is currently fluctuating around the 1/2 angle line, which indicates that the previous upward trend has reached a temporary halt, and the market is gradually shifting towards a bearish oscillating pattern. On the technical side, the 106400 level has formed the current bottom support area, while 108300 and the previous high of 110653.6 constitute the main upper resistance levels.
Operation suggestion for BTC: Consider selling when the price rebounds to the range of 107700-108500, with a support target around 106500 below.
For the trading strategy regarding ETH: consider selling when the price rebounds to the range of 2775-2810, with a target position near 2680.