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.
BTC-0.27%
ETH-0.15%
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RamenDeFiSurvivorvip
· 4h ago
Death cross again, starting to shrink again? Wait, short at 87500 on the rebound? Feels a bit risky... The Bollinger Bands are so tight, is it about to burst? Just asking, who dares to short at this level, truly a brave warrior. Is the short-term decline probability high? I don't believe you, you liar. Last time you said the same thing and it surged.
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AirDropMissedvip
· 4h ago
Another pile-up of bearish signals, is this one reliable?
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LiquidityWitchvip
· 4h ago
Is it another rebound to short? Doing the same thing every day, when has there ever been a real successful rebound?
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HappyMinerUnclevip
· 4h ago
Starting to talk about shorting during rebounds again, I've heard this set of arguments so many times it's almost worn out. Hmm, but this time the Bollinger Bands tightening is indeed a bit intense, and the death cross on the 12-hour chart is still worth watching. Wait, why are you so sure about that target number? Sometimes the market just loves to go against expectations.
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GasWhisperervip
· 5h ago
the kdj dead cross on 12h is lowkey the mempool telling us something's off... watching those gas waves right now and honestly the fee patterns don't even match the bullish copium narrative ngl
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SleepyValidatorvip
· 5h ago
Here comes another rebound to short, this routine is all too familiar. Why is it again the Bollinger Bands tightening, is it real or fake? Wait for the rebound to cut, sounds simple, but in practice, it's nine times out of ten to get caught on the wrong side. At the 87,500-88,000 level for Bitcoin, it feels like too many people are involved. A rebound around 2950 for Ethereum can indeed be tried, but don't be too greedy.
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