Yesterday, Bitcoin and Ethereum saw a decent overall price movement, initially consolidating before rebounding. Bitcoin's daily chart shows price action at high levels, with yesterday's long upper shadow indicating heavy selling pressure. On the 4-hour chart, consecutive bearish candlesticks suggest a short-term pullback, but the numerous lower shadows indicate some buying support at lower levels. The MACD continues its downward divergence, indicating increasing downward momentum. The 4-hour EMA7 and EMA30 have formed a death cross, indicating significant short-term pressure. Intraday trading is recommended to enter positions on rallies. For Bitcoin, consider entering around 87800-88300, with a target around 86000. For Ethereum, consider entering around 2960-2990, with a target around 2880. However, market conditions are constantly changing, and this article is time-sensitive. Those entering positions should refer to real-time guidance.
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