ETH evening market analysis ideas are here.

Looking at the trend of Bitcoin (BTC), the midline of the box has already been broken. To see a rebound and upward movement, the price must first recover above the midline—this is a prerequisite. Currently, the box hasn't been completely broken; it’s just oscillating between the midline and the lower boundary, with the trading range locked between 2936 and 2900.

The true bearish signal is a breakdown below the lower boundary of the box. Once broken, the price may drop toward the position indicated by the red arrow. On the hourly chart, the highs have been making new lows, and no lower lows have appeared yet. But if the pullback breaks through the 2886 low point, creating a new low, then a waterfall decline could begin.

Trading opportunities look like this: a volume-backed breakout of 2945 on the right side of BTC can be considered a long entry; a volume-backed breakdown below 2913 on the right side can also be a long entry. The key is to closely monitor volume changes and not forget to set proper stop-losses.

If the hourly chart stabilizes above 2955, the next target range is 2988 to 3019; if it cannot hold above 2955, the subsequent upward potential is limited.

On the 4-hour chart, support is at 2908. If broken, the next support levels are 2859 to 2790, but honestly, 2859 might not hold either.

The most critical level on the daily chart is 2821—if it is not broken, the bullish trend remains intact. The yellow box highlighting the Morning Star pattern indicates no major issue. However, if the daily closing price falls below 2821, the bullish momentum will be destroyed, and the subsequent outlook becomes uncertain. Remember this level, as it determines the overall direction moving forward.