Ethereum is synchronously coming out of a certain pullback with BTC, but the strength of the pullback is relatively strong, currently pulling back to 1870. Morning traders who have consistently entered the market with us can continue to patiently hold on, waiting for short positions to increase and further plummet to go below the resistance level.

From a technical standpoint, after the pullback round early in the morning aimed at testing the resistance level of the highest point 85500 without results, the market still demonstrates a correction momentum in a weak structure. Combined with the four-hour chart of the small cycle, the MACD energy column has upper divergence, the three KDJ lines showed signs of a dead fork, and the K-line breaks through the upper Bollinger band to form a high-level consolidation. It remains to be seen whether the currency price will fluctuate and consolidate to gain momentum or plummet below the short-term support line of 84200. Furthermore, in this situation, where negative rates are about to fall, it is recommended to maintain a position at a high level.
BTC can be shorted in the range of 85200-85500, watch for a level around 82500. Ethereum can be shorted in the range of 1900-1920, watch for a level around 1920. #BTC #ETH