#数字货币市场回调# Recently, the cryptocurrency market has shown weak performance, with Bitcoin and Ethereum experiencing significant falls again yesterday, and the overall trend has clearly weakened. After a quick dip last night, there has been a certain degree of rebound, with Bitcoin rebounding to a peak of the 109800 region, while Ethereum touched the 3975 level. However, there is still obvious resistance above these integer levels, and although there has been some repair on the daily chart, the downward trend has not changed.

From the hourly time frame, the Bollinger Bands indicators for Bitcoin and Ethereum have both begun to expand downwards, which typically signals an increase in downward pressure. Bitcoin needs to focus on the 111000 resistance level, while Ethereum should be cautious of the resistance at the 4000 mark. It is worth noting that Bitcoin's rebound today has been insufficient, and the overall trend is relatively weak.

Technical analysis shows that both major cryptocurrencies are exhibiting a falling trend characteristic, and the moving average system has formed a bearish arrangement. Recently, a death cross signal has also appeared, with prices positioned below both short-term and long-term moving averages. These technical indicators suggest that the market trend is weak and downward momentum is strengthening. At the same time, the evening star pattern formed by Bitcoin and the bearish arrangement of moving averages create a bearish resonance, further confirming the downward pressure faced by the market.

Based on the current market conditions, investors need to remain cautious and closely monitor the resistance performance of Bitcoin in the range of 109800 to 110300 and Ethereum in the range of 3950 to 3980. If there is no effective breakthrough, the market may fall back to the support levels near Bitcoin 108000 and Ethereum 3860.

It is worth considering that market opportunities always exist, and success often depends on who can truly take action rather than merely relying on the difficulty of analysis. In this market environment, risk management and patiently waiting for the right entry point are equally important.