5.21 Bitcoin/Ethereum rebound is not a reversal, just a correction in the downtrend

Bitcoin/Ethereum has rebounded since its high point, especially with Bitcoin's overall trend still relatively strong, once again approaching the 78,000 level, which seems very strong overall but still has a large downside space. The latest 4-hour chart shows a small-bodied doji star candlestick, indicating fierce competition between bulls and bears, and the market is in consolidation. On the daily chart, the recent two days' candlesticks are both bullish, showing signs of short-term stabilization and recovery, but overall still a rebound within a downtrend.

On the weekly chart, several bullish candlesticks previously, just last week a large bearish candlestick, currently sideways with some rebound, which is only a correction in the downtrend. Technical indicators show the DIF line has crossed above the DEA line to form a golden cross, and the MACD histogram remains positive and is enlarging, indicating short-term momentum has shifted from bearish to bullish, but DIF and DEA are still below the zero line, so the overall trend remains bearish. Additionally, the recent rebound volume has decreased compared to the massive volume during the decline, suggesting the rebound strength may be limited, and caution is needed for subsequent selling pressure.

In terms of trading, continue to hold long positions on rallies, or enter short positions around the current price of 78,000 and near 2145, with short-term targets of 75,500 to 76,500 and 2060 to 2090, while the Bitcoin nephew's position moves up to 78,800 and the aunt's nephew remains at 2180.