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The cryptocurrency market has recently shown a high-level fluctuation trend, and the performance of Bitcoin and Ethereum has attracted widespread attention from investors.
From the daily perspective, these two major crypto assets have been in a high-level fluctuation range for some time recently. It is noteworthy that the market experienced a significant decline yesterday, releasing a strong bearish signal. However, the price then stabilized and currently shows characteristics of a consolidation.
On the hourly chart, the market has formed a structure of a short-term low point rebound, with the current price fluctuating within a relatively narrow range. The technical indicator MACD shows that both DIF and DEA are negative but gradually converging, and the histogram has turned from positive to negative, indicating that the downward momentum is weakening, and there may be a chance for a market rebound.
The RSI indicator value hovers around 50, indicating that it has not entered overbought or oversold territory, reflecting a relatively neutral market sentiment. The EMA7 (4284) and EMA30 (4308) indicators are close to convergence, with prices fluctuating near these two moving averages, showing a fierce battle between bulls and bears in the short term.
From the daily perspective, the RSI indicator is in the 40-50 range, indicating that the forces of bulls and bears are in a tug-of-war, and the market direction is still unclear. It is worth noting that there is a certain distance between EMA120 (4393) and the current price, which may suggest that the long-term trend still leans towards bearish.
Given the current market conditions, investors need to remain cautious when making decisions. For Ethereum, opportunities to short can be considered in the range of 4350-4400, with target prices set around 4250-4200. As for Bitcoin, shorting opportunities around 116000 can be observed, with target prices around 114500.
However, given the high volatility of the crypto assets market, investors should closely follow market trends, adjust their strategies in a timely manner, and always keep in mind the importance of risk management. In this uncertain market environment, staying calm and rational is crucial.