Latest updates on BTC/ETH on Tuesday evening

The current weakness has become a foregone conclusion, and the bulls lack effective counterattack momentum. The previous brief technical correction failed to reverse the downward trend, with the focus continuously shifting downwards. From a structural perspective, after weak consolidation, there is renewed pressure, with the bears gradually taking control. The layering rhythm is clearly visible, and our daytime orange position has already proven effective.

Technical indicators synchronized verification of the bearish trend: The moving average system shows a standard bearish arrangement, with short-term moving averages forming strong resistance; the MACD indicator continues to operate below the zero axis, with green bars maintaining an expanding trend, and no signs of exhaustion in bearish momentum; the Bollinger Bands are diverging downward, operating near the lower track, with continuous opening of downward space. Various signals resonating show that we are still in a bearish trend cycle, and any technical rebound may become the starting point for a new round of downward stacking.

BTC: Short in the range of 88500-89500, first target 86000, then 85000;

Ethereum: Short in the range of 2930-2980, first look at 2830, then look at 2750.

Personal opinion for reference only, not for investment advice!