1.7 Bitcoin/Ethereum continue to look for a pullback and decline in the early morning



The outlook for a pullback and decline in the early morning remains unchanged. Support levels are at 91,000 and 3,150. On the technical indicators, the 4-hour MACD is in a bullish zone, but the red histogram is shrinking, indicating weakening upward momentum.

For Bitcoin above 93,800, patience can be maintained for holding. After adding to Ethereum positions, short positions around 3,270 can also be held with patience. Friends who are not in a good mindset may consider reducing or closing some of their additional positions.

The main trend in the early morning remains a pullback and decline. Friends without short positions can consider entering short positions around 3,260-3,280 for Ethereum, with a target near 3,180; for Bitcoin, consider short positions around 93,000-93,500, with a target near 91,000-91,500.
ETH-1,66%
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