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Analysis of Silk Road BTC and ETH ideas on the evening of September 24
Although the current market has entered a phase of consolidation, it is important to recognize that this consolidation is a "smoke screen" within the trend, not a reversal signal. From the daily chart perspective, the price has shown a continuous downward trend, and the rebound highs are consistently decreasing, clearly indicating a downward trend. In the short term, do not hold out expectations for a reversal; operations should follow the downward rhythm.
Operation suggestions
Bitcoin (BTC): It is recommended to place short orders in the range of 113000-113500, with a target looking down to 111000.
Ethereum (ETH): Following the downward trend reference, it is recommended to place short positions around 4170-4200, with the lower target looking towards 4070.