Afternoon Analysis


Intraday price surged under pressure and pulled back with consolidation. After a slight rebound from the early morning low of 71275, the upside momentum weakened. The high of 74400 failed to hold gains with insufficient volume follow-through. Ethereum moved in sync, retracing after rebounding from 2090 to 2279, with weak upside participation.

On the daily level, the uptrend is decelerating and facing resistance at higher prices, with no effective bottom formation. Bull momentum is waning and trend stability is declining. On the 4-hour chart, price has departed from the strong uptrend channel, with a high close forming a bearish candle and volume-price divergence emerging. The short-term trend has shifted to consolidation and range-trading.

Operation Suggestions
For Bitcoin: Set up short positions around 74500-75000, targeting 72500-73000
For Ethereum: Set up short positions around 2300-2330, targeting 2150-2180
ETH6,47%
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TheLittleBeeThatMovesBricksvip
· 4h ago
Happy New Year 🧨
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