On the four-hour timeframe, the Bollinger Bands continue to open upward. Overall, the uptrend channel remains intact, and the major trend remains unchanged. After the market pushed up to the 794 high, it met resistance and pulled back, entering a phase of pullback and repair. The current coin price is trading in the upper-middle band area of the Bollinger Bands. On the smaller timeframe, bullish momentum keeps fading, and the strength to chase higher is insufficient. Going forward, upward momentum is clearly weakening.

In terms of indicators, the MACD’s two lines are oscillating at high levels and are about to form a death cross. Meanwhile, the three KDJ lines turn down and diverge in sync, with short-term “Kongtou” momentum being continuously released. Overall, in the short term, “Kongtou” gradually gains the upper hand, and price action is biased to the downside. There is still room for further pullback and weakening adjustments.

BTC rebounds around 78,600-79,200, with downside support at 77,800-76,500.

ETH rebounds around 2,350-2,390, with downside support at 2,300-2,235.