#数字货币领域调整# Recently, the market performance of BTC and ETH has been flat, continuing to trade in a narrow range with sideways fluctuations over the weekend. Currently, there is no obvious dominance from either bulls or bears in the market, resulting in extremely poor trading continuity. By observing the hourly and four-hour charts, it can be seen that the price channel is slowly narrowing, leading to a continual switching of highs and lows while the fluctuation range gradually decreases. The true trend direction of the market may only be established after the weekly close.

For BTC, investors need to closely monitor the resistance level at the upper 111000 area, while also paying attention to the support level at the lower 117000. If this support area can be effectively maintained and build a base multiple times, the possibility of a rebound in the future cannot be ruled out.

From a technical perspective, BTC has currently formed a Evening Star pattern, and the moving averages are showing a bearish arrangement. These two signals resonate to release a strong bearish expectation. Observing the 2-hour candlestick structure, it is still in a downward trend, characterized by gradually lowering highs, while the lows have not significantly risen. The MACD indicator within the 2-hour time frame shows that short-term bearish momentum has weakened, but the overall trend remains bearish, with all EMA cycles indicating a dominant bearish trend.

In terms of Ethereum, it can be observed on the 2-hour chart that while the highs are gradually decreasing, the lows are slightly rising, forming a short-term consolidation range. The MACD indicator shows that bearish strength is weakening, but there has not yet been a clear bullish signal, and the EMA long-term trend still maintains a bearish pattern. It is worth noting that the trading volume on the 2-hour chart continues to shrink, which means that the market may continue to maintain a Sideways fluctuation in the short term.