Bitcoin’s 1-hour driven wave is falling; the initiated main down-wave third wave is still ongoing and continues breaking below the lows, with a complete structure and no termination signal.



MACD shows divergence below the zero axis, RSI is at a low level with no bottom divergence; it only may trigger a small technical rebound—absolutely not a trend bottom.

In summary, the current wave trend is clear. In terms of execution, sell into the rebound and take profit on the bounce; do not try to catch the bottom. Wait until the wave pattern completes, bottom divergence appears, and it breaks through the resistance pressure zone before looking for a reversal.

BTC rebounds around 63,800-64,500. Downside: 63,000-61,500.

ETH rebounds around 1,810-1,850. Downside: 1,780-1,660.
BTC-0.85%
ETH-2.72%
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