The mid-track support is a key defensive level. If it doesn't break, there remains potential for bullish rebounds. However, the 4-hour indicators have shown a bearish death cross, increasing short-term adjustment pressure. It's not advisable to chase blindly at present. It's recommended to wait for pullbacks to key support levels and for bearish sentiment to release before establishing long positions at lower levels. For short-term trades, light short positions can be considered near resistance levels.
Bitcoin: Short near 76,000-76,700, targeting 74,000-73,000 first.
Ethereum: Short near 2,380-2,420, targeting 2,320-2,260 first.$BTC $ETH
The mid-track support is a key defensive level. If it doesn't break, there remains potential for bullish rebounds. However, the 4-hour indicators have shown a bearish death cross, increasing short-term adjustment pressure. It's not advisable to chase blindly at present. It's recommended to wait for pullbacks to key support levels and for bearish sentiment to release before establishing long positions at lower levels. For short-term trades, light short positions can be considered near resistance levels.
Bitcoin: Short near 76,000-76,700, targeting 74,000-73,000 first.
Ethereum: Short near 2,380-2,420, targeting 2,320-2,260 first.$BTC $ETH