Xiaoyao KOL: Bitcoin and Ethereum Afternoon Market Analysis 11.4

Bitcoin's current daily chart shows a continuous decline, forming a long bearish candlestick. On the 4-hour chart, the price has continued to fall after a pullback from its highs, currently in a weak and volatile state. Previous support levels have been broken. The MACD on the 4-hour chart shows a sustained increase in the green bars, with both the DIF and DEA lines trending downwards, indicating that the market is still in a topping phase. The RSI is approaching oversold territory but has not yet reached extreme oversold levels, suggesting a short-term rebound potential, but the overall trend remains weak. The EMA7, EMA30, and EMA120 are all showing a topping pattern, and the price has broken below all moving averages. The EMA7 is acting as resistance. Intraday trading recommendations are: Bitcoin around 105600-106200, with a target around 103500; Ethereum around 3560-3600, with a target around 3450. However, market conditions are constantly changing, and this article is time-sensitive. Those entering the market should refer to real-time guidance.