Cognition is more important than diligence, and trends are more important than effort. Seeing the trend and finding direction is more important than blindly working hard. All successful projects have the power of Consensus behind them. Choosing the right Consensus gives you the opportunity to traverse cycles. Dear frens, the afternoon is just right! After a day of rest, I have returned to my best state, and at this moment, I am full of enthusiasm to once again analyze the current market trends with everyone. Today happens to be the weekend, and the market pace is slightly sluggish. I believe those frens who are working today are also steadfastly holding their posts. Although the 微微 team cannot work tirelessly throughout the year, work and life have long been closely intertwined, consistently interpreting the latest dynamics and trends of the crypto world for everyone.

In terms of technical analysis, the Bollinger Bands on the hourly level have begun to contract downwards, indicating a weak short-term trend. At the same time, the EMA fast and slow lines are in a bearish arrangement, confirming the downtrend. The MACD histogram has recently shown a slight rebound, and the RSI has touched the severely oversold area, suggesting a possibility of a technical rebound in the market, but the overall momentum is not strong. Regarding Ethereum, although the MACD on the daily level indicates that the downward momentum is still present, the MACD on the 4-hour level has formed a golden cross below the zero axis, indicating a short-term demand for a rebound. The price is being pressured at 4010, and the moving average system is also in a bearish arrangement. Therefore, in terms of operation, we will still focus on short positions.

BTC 110300-110500 short, target 109000

Ethereum can be shorted at 4030-4050 with a target of 3980.