$ETH Don't get carried away by this rebound; the outlook remains primarily bearish.


Regarding Bitcoin's recent rally, I personally see it as a technical rebound within a downtrend, not a true reversal yet.
From the 4-hour structure, after a volume-driven break below the key support, the bearish momentum has not been disrupted.
The current price remains below the previous breakout pressure zone, and selling pressure above is still heavy; the bulls' attempts to stabilize have been unsuccessful.
This weak rebound is more like giving the bears a second opportunity to set up.
My view remains unchanged: do not chase longs on rebounds; continue to short at higher levels.
Reference range: BTC: around 77,000–77,500 for a short-term high, target 76,000; ETH: around 2,310–2,340 for a short-term high, target 2,260.
As long as the price does not re-enter the key trend zone, the overall bearish rhythm will not easily change.
$BSB $RLS
ETH1.74%
BSB6.01%
RLS68.47%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
Add a comment
Add a comment
BrotherBai'sHigh-ProfitTrading
· 2h ago
377
Reply0
BrotherBai'sHigh-ProfitTrading
· 2h ago
203
View OriginalReply0
BrotherBai'sHigh-ProfitTrading
· 2h ago
203
View OriginalReply0