#BTC# Looking back at the trend this afternoon, both have shown a certain price pullback after a previous decline. In the case of BTC, the price has gradually approached the current price level after experiencing a low dip, indicating that it is seeking a relatively stable area in the short term. Ether is also recovering from a lower level, attempting to build a new operating platform, with the distance to the long-term moving average gradually narrowing, overall in a stage of Rebound during a downward correction. BTC continuously entered short positions around 114720 today, exiting around 114320 to harvest over 400 points of profit. Don't think that the market has shown a flash in the pan signal and act recklessly; before the trend is confirmed, a mindset of volatility and risk control is key.

Looking at BTC on the 4-hour timeframe, although there is a rebound in price, the long-term moving averages are still above the price, presenting a downward pressure situation, failing to effectively break through the constraints of the moving averages. Similarly, for Ether on the 4-hour chart, the long-term moving averages exert pressure on the price, and the K-line continuity during the rebound is insufficient to form an upward breakout. Switching to the hourly chart, although the short-term moving averages have crossed upwards, the price has encountered a series of small bearish candles after hitting a certain height, indicating that the bears are starting to gain the upper hand in the struggle between bulls and bears. In the hourly chart of Ether, the amplitude of price fluctuations is shrinking, the K-lines are densely arranged, and they repeatedly test around the moving averages, lacking a clear upward breakout signal.

BTC is short in the range of 115500-115000, watching around 113500. Ether is short in the range of 3580-3610, watching around 3480. #eth#