The early session Bitcoin remains firmly in the hands of the bears, with a preliminary pullback. The lowest point of the correction was around 76,500, where it stopped falling and recovered. Currently, the price has rebounded to around 77,000 and is consolidating with oscillations. Ethereum's movement is basically the same as Bitcoin's; after falling to around 2,080, it stopped falling and recovered. The current price remains around 2,100, consolidating within a narrow range. Why does the early session suggest a long position at this level? Because the price has already reached the lower end of the oscillation zone, and a rebound is highly probable. Currently, long positions are still held, with the upward pattern unchanged, aiming to continue toward the top of the oscillation. Once reached, consider reversing to short.



Looking at the four-hour chart, the upward momentum of this rebound has already shown clear signs of exhaustion. The bullish candles are getting shorter, while the bearish candles have increasingly full bodies. This indicates that the bulls are unable to push higher, and the bears are gathering strength. The candlestick structure shows consecutive long bearish candles mixed with short bullish candles, with short bullish bodies indicating the bulls have no power to fight back. Overall, this is a typical weak oscillating downward trend. Referring to the rhythm after a previous sharp decline, this sideways rebound is just a brief pause during the downtrend. After the pause, the downtrend is likely to continue. Currently, the price remains within the oscillation range, with no clear sign of a breakout. Continue to treat it as a range-bound consolidation.

For those who have already entered long positions, the outlook remains above 77,000. The rebound focus is on the 77,200-77,500 zone. Once resistance is met, reverse to short, targeting around 76,000. Ethereum's same approach: short positions around 2,120-2,150 on the rebound, targeting 2,080-2,050. #股票交易挑战最高赢17000U $BTC $ETH
BTC2.1%
ETH2.37%
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