The intraday BTC has completed its Technical Analysis. After the coin price returned to the starting drop position, it showed a slow downward fluctuation. However, so far, it hasn't provided much space. Let's first take a look at the intraday trend of Ether. The coin price has synchronized with the BTC rhythm, pumping to around 3878. After the midday sideways consolidation, the evening Ether price initiated a quick pullback. Following the trend, the short order we set at 3872 accurately captured a 103-point space at the 3769 point. The BTC short order entered earlier at 118505 is still being held. The ETH has reached near the target point, and we are waiting for the evening market to unfold for BTC.

From the four-hour chart of Ether, the coin price quickly tested downward due to news stimulation, and then rapidly crossed the middle track with consecutive bullish candles. Currently, it has once again closed with consecutive bearish candles, causing the coin price to quickly fall below the middle track. The coin price is currently running below the middle track and continues to trend downward. The MACD indicator's fast and slow lines are showing a slow divergence, and the three lines of KDJ are about to merge, forming a death cross trend. Therefore, the market may further continue the previous downward trend. In the short-term hourly chart, the coin price has continuously closed with bearish candles, exhibiting a rapid downward trend. The MACD energy bars on the short-term hourly chart continue to strengthen. In the short term, the bearish momentum remains strong, and we maintain a bearish outlook for the market, still responding with a high short strategy during rebounds.
Get on board BTC around 118500, pay attention to around 117500, short order ETH around 3800, pay attention to around 3700.

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