1.8 Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions

Currently, the four-hour chart of Bitcoin shows a clear bearish trend: the price has fallen below the middle band of the Bollinger Bands and continues to face pressure, with four consecutive downward candles testing the support near the lower band. Although the lower shadows of the candles have lengthened, it can be observed that there is no effective buying support below the 91,000 level. The MACD histogram remains below the zero line, indicating that the bears still dominate; the Bollinger Bands are expanding again, and if the price breaks below the current lower band support, it is likely to open further downside space, seeking stabilization points in deeper support areas.

From the hourly chart perspective, after a series of declines, the price experienced a technical rebound at low levels, but overall it remains weakly oscillating around the 90,000 level, with the previous rebound largely retraced. Although the hourly MACD bearish momentum shows signs of convergence, indicating a slowdown in short-term downward momentum, this is more a correction after a sharp decline rather than a trend reversal signal. Currently, bulls and bears are deadlocked near key support levels. If the rebound cannot effectively push back above the middle band and trading volume continues to shrink, the likelihood of a continued decline after consolidation remains high.

Overall, market sentiment remains cautious in the short term, and the bearish structure has not yet reversed. Traders should focus on observing the effectiveness of support in the 90,000-91,000 range. If the price rebounds weakly and falls back below this zone, it can be seen as a bearish accumulation signal, with the potential to further test support around 88,000-89,000. It is recommended to maintain risk awareness and avoid early left-side positioning before clear signs of a trend reversal appear. #比特币六连涨