#隐私币生态普涨 Evening Technical Review:

On the 1-hour chart for Bitcoin, the rebound drama has already come to an end. After reaching a peak near 101200, the price lost its upward momentum and formed a typical Evening Star pattern—this often signals a trend reversal. It then directly broke through the bottom support of the previous consolidation range, and the middle band of the Bollinger Bands also failed to hold. The price is now sliding towards the lower band, and the short-term downward channel has opened.

The 4-hour cycle provides a clearer view. Since the pullback from the resistance level of 118700, the bears have taken control. The support at 117000 and the middle band of the Bollinger Bands have both been broken, and the current price is hovering near the lower band, with the Bollinger Bands showing a downward expansion. The MACD has formed a death cross below the zero line and the gap is widening, with green bars continuing to extend. The RSI has dropped to 42, showing evident downward momentum. Several short-term moving averages have converged and are beginning to press down, indicating a weak technical outlook.

The short signal on the Ethereum 1-hour chart is also clear. After hitting the high of 4788, it faced resistance and has continuously closed bearish, breaking below the short-term moving averages and the middle Bollinger Band, and is moving towards the middle band. The MACD has crossed the zero line after a death cross at a high position, with green bars increasing in volume. Trading volume shows typical characteristics of "increased volume on decline, decreased volume on rebound," indicating weak buying interest. The short-term moving averages MA5, MA20, and MA60 have consecutively failed to hold, and the middle Bollinger Band has also been unable to stop the downward trend, with prices moving towards the lower band. The short-term upward structure has been destroyed.

On the 4-hour level, Ethereum has fallen from a high position, breaking below the key resistance-turned-support level of 4220, and simultaneously losing the middle band of the Bollinger Bands, approaching the Fibonacci support area at 3910. The Bollinger Bands show signs of opening downward. Technical indicators are bearish across the board: MACD has crossed downward near the zero axis and continues to diverge downward, with green momentum bars extending. The short-term moving average system also shows a converging downward pressure, further reinforcing the bearish logic.

Short-term trading strategy:

$BTC Short Position Layout: 103500-104000 Range
Target range: 101000-100200 area

$ETH short position layout: 3380-3410 range
Target range: 3260-3230 area