Analysis of Bitcoin at 3:30 AM
From the 4-hour chart, the BTC Bollinger Bands show a downward opening, with prices consistently under pressure below the middle band, and the rebound strength remains weak; the moving average system is in a bearish arrangement, forming layers of pressure on the price, making a short-term weak pattern difficult to change; the KDJ indicator has formed a death cross at a high level and continues to move downwards, with bearish momentum gradually increasing. In terms of operations, one can enter short positions in batches relying on key resistance levels, seizing opportunities in line with the current downward trend.
Trading Suggestions
Short Bitcoin at 67500-69000, aiming for 65500
Short Ethereum at 2050-2080, aiming for 1980