$ETH The evening news has filled most of the gaps created, but as the price rebounds to around 79135 that we are watching, resistance becomes obvious. The 15-minute Bollinger Bands are tightening, which is a signal of resistance to the rebound, so in the short term, we expect a pullback.

On the 15-minute chart, the price has been struggling below the middle Bollinger Band and cannot break above. 80032 is the strong resistance at the upper band, and 78238 is the support at the lower band. Although the 4-hour chart is still in an upward channel, the candlestick bodies are far from the middle band, indicating that the market has a short-term need for a correction. It’s very difficult to go straight up from here; most likely, it will retest the 78200-78000 area to confirm support. Ethereum’s movement is more honest: it didn’t even touch 2371 during the rebound and stalled at 2336, indicating that the bulls are temporarily not eager to attack.
Trading idea: In the short term, consider a short position first.
BTC: Try a small short at 79000-79300, target 78200-78000.
ETH: Try a small short around 2400, target around 2300.

Long positions should wait until after midnight when the market signals a pullback to the 78200-78000 area before considering re-entering, as that is a higher cost-effective entry point.