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Based on today's candlestick chart, both Bitcoin and Ethereum are oscillating within a range, repeatedly testing support and resistance levels. The daily KDJ and MACD indicators are still fluctuating around the midline, and the Bollinger Bands are continuously tightening downward. Looking at the MA lines, the 5-day and 10-day moving averages are both being pressed down by the 30-day line, indicating a slightly faster pace. Overall, the trend is downward. The most obvious characteristic of this market is a decline along the 5-day moving average, suggesting a higher probability of further decline in the short term.
On the 12-hour timeframe, the situation becomes clearer. The KDJ has already formed a death cross, and the downward momentum of the Bollinger Bands is strengthening. The three moving averages are resonating downward together, especially the 5-day and 10-day lines, which are accelerating their decline. Based on these signals, the upcoming trading strategy should focus on shorting during rebounds—simply put, wait for a rebound to consider short positions.
Specifically:
**Bitcoin** can consider short entries in the range of 87,500 to 88,000. If successful, the target is around 85,500.
**Ethereum** also presents a short opportunity near 2,950 to 2,980, with a target of approximately 2,870.
These recommendations are based on current technical analysis. Market conditions change rapidly, so everyone should operate according to their risk tolerance and avoid blindly following the trend.