The crypto market collectively suffered a bearish attack starting at 6 a.m. Ethereum’s low dropped to around 1714, while Bitcoin’s low was around 61340. Institutional funds have been continuously withdrawing from the Ethereum ETF. With the main capital exiting the market and no support stepping in, buying pressure has dried up, and sell pressure has continued to be released. BTC broke down first, and other cryptocurrencies followed with wave-after-wave sell-offs.

At present, the short-term market is in a phase where a sharp drop has been followed by a rise in volume, exhausting the bears. On both the 30-minute and 1-hour cycles, indicators show signs of bullish divergence at the bottom. Meanwhile, the coin price has regained above the lower band, and the KDJ three lines have turned upward from an extremely low level. The MACD bearish green bars are contracting as sell volume shrinks, so a short-term bottom repair is expected. The market will test the resistance zone in the 1800 to 1835 range, while Bitcoin is expected to test the 64400～65500 range.

It is recommended to enter long positions near 1750-40, targeting around 1800-1820.

It is recommended to enter long positions near 63000-62500, targeting around 64400-65300.

Markets change rapidly; this strategy is for reference only—make sure to set your stop-loss and take-profit.