BTC / ETH Short-term Structure Analysis and Trading Ideas

BTC surged to touch 94044.6 and then quickly pulled back, forming a clear short-term double top at high levels. The candlestick shows long upper shadows, indicating that selling pressure around 94000 is concentrated and released. The bullish momentum is clearly insufficient to continue.

From the moving average perspective, the price is diverging from MA7, and the short-term moving averages are flattening and turning. The trend is likely entering a high-level pullback phase. Pay close attention to the support at MA39 (around 92166) for effectiveness.

In terms of volume, the upward phase shows signs of decreasing volume with a gradual increase in price, suggesting potential trap buying; during the pullback, trading volume gradually increases, indicating that high-level funds are continuously cashing out, and the bearish force is gaining the upper hand.

If the support at 93500 is lost, the price may follow the trend to retest the previous consolidation zone at 92600–92200. Once this area is effectively broken, the downside space for the bears will further open.

Bitcoin: Enter short positions in the 93600–94000 range in batches, targeting 92000–90000
Ethereum: Short in the 3180–3200 range when opportunities arise, targeting 3100–3000