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Latest analysis of BTC/ETH on the evening of 8.1
Today, Bitcoin has dropped to a low point of 114066, with prices mainly distributed at the lower Bollinger Band. The KDJ has formed a death cross and is extending downward, while the MACD indicator is below the zero axis showing bearish momentum. The short-term bearish trend is evident; if the lower band support holds, there may be a weak rebound, but if it breaks below the lower band, it could further decline.
BTC: 115000-115500 range, looking down to around 113000-110000
ETH: 3620-3670 range, looking down towards the 3540-3480 area