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In the cryptocurrency market, Bitcoin and Ethereum have recently shown a significant falling trend. From the four-hour candlestick chart, the arrangement of bearish candles is very prominent, forming a phase of retracement trend.
It is worth noting that after each occurrence of a pin callback, the market enters a certain period of adjustment. However, this has not changed the overall direction of operation, which is still dominated by a bearish single-sided trend. Technical indicators show that a top divergence pattern has formed, and this signal suggests that there may be retracement pressure on the current trend, while also indicating that bearish strength is continuously accumulating, and the depth of the trend is also deepening.
Overall, the bearish dominance in the short term is likely to continue. Market participants should closely monitor the price trends of Bitcoin and Ethereum, especially the performance of key support levels. For Bitcoin, around 1131000 may be an important observation point, while for Ethereum, attention should be paid to the performance near 4130.
However, we must also remind investors that the cryptocurrency market has always been highly volatile, with risks and opportunities coexisting. Before making any investment decisions, be sure to conduct thorough research and risk assessment. At the same time, maintain sensitivity to the market and be ready to adjust strategies to respond to potential market changes.