Andy Hua's Market Discussion: Morning BTC and ETH Views



Based on the overall market pattern structure and capital flow analysis, the current market remains in a high-level range with oscillations. The key resistance area above continues to see increasing selling pressure, and the price repeatedly attempts to rise but encounters strong resistance and pulls back. The bullish momentum is gradually weakening.

In the 4-hour technical chart, a clear double-top reversal pattern has formed, with technical indicators such as MACD and RSI showing divergence signals that further confirm and strengthen this trend. Short-term bullish momentum has significantly diminished, and a bearish trend is gradually establishing, with the balance of power shifting in favor of the bears.

The forecast suggests a high probability of the market declining after facing resistance at high levels. Operationally, it is recommended to continue adopting a strategy of shorting on rallies, establishing short positions in batches at key resistance levels, while strictly implementing position management and risk control measures.

Trading Suggestions:
Enter short positions in the 75,000-75,500 range, with the lower target around 74,200-72,000.
Enter short positions in the 2,350-2,390 range, with the lower target around 2,310-2,230.
BTC3,91%
ETH4,3%
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