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Bitcoin and Ethereum Afternoon Trading Suggestions and Future Trend Analysis: 1/8 Currently, the market shows a clear downward trend within the 4-hour cycle. Technical signals indicate that short-term momentum is weakening, but the price has already approached the key support level of 89588.1. The bearish engulfing pattern in the candlestick formation, along with the downward sloping short-term moving averages, further reinforce the market's bearish bias. However, the price remains above the long-term moving averages, indicating that the medium to long-term trend has not fully reversed, providing some technical basis for a potential rebound. Given the current bearish trend, with short-term moving averages trending downward and candlestick patterns showing bearish engulfing signals, and the price approaching the resistance zone of 89630.8-90364.2, adopting a conservative short-selling strategy near resistance levels is a high-probability choice aligned with the trend. Therefore, the afternoon trading suggestion is to mainly consider short positions at higher levels.
Bitcoin around 90800-91300 can be shorted, targeting around 89500-89000; Ethereum around 3140-3160 can be shorted, targeting around 3080-3030.