In the long-term cycle, the main trend dominated by the market head remains unchanged, with the medium to long-term market head structure controlling the market. After a large volume drop in the four-hour timeframe, the current price only shows a weak minor rebound, which is a technical correction after a sharp decline, with weak rebound strength and no reversal momentum.



Technically, the Bollinger Bands' three lines are opening downward simultaneously, with the upper, middle, and lower bands continuing to decline, showing no signs of convergence or reversal, and the market head channel structure remains intact, confirming a bearish overall environment.

With the supporting MACD indicator, the bearish green bars have slightly decreased in volume, indicating a brief easing of short-term selling pressure, but the fast and slow lines remain below the zero axis in the bearish zone, and the market head arrangement has not been broken. The short-term reduction in volume is a temporary pause, not the end of the market head trend; weak rebounds are unlikely to reverse the bearish pattern, and further rebounds encountering resistance and falling back are probable.

BTC rebounds near 63,600-64,200, with support at 62,800-61,300.

ETH rebounds near 1,770-1,810, with support at $BTC 1,740-1,650.
BTC0.18%
ETH-3.91%
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CaptainChenOfTheEncryptionTeam
· 8h ago
In the long-term cycle, the main trend dominated by the market's head pattern remains unchanged, with the medium to long-term head structure controlling the market. After a significant volume drop and decline in the four-hour timeframe, the current price only shows a weak minor rebound, which is a technical correction after a large decline. The rebound strength is weak, and there is no reversal momentum.

Technically, the Bollinger Bands' three lines are opening downward simultaneously, with the upper, middle, and lower bands continuing to decline, showing no signs of convergence or reversal. The head channel structure remains intact, confirming a generally bearish environment.

With the supporting MACD indicator, the bearish green bars have slightly decreased in volume, indicating a brief easing of short-term selling pressure. However, the fast and slow lines are operating below the zero line in the bearish zone, and the head pattern arrangement has not been broken. The short-term reduction in volume is a temporary pause, not the end of the head trend. The weak rebound is unlikely to reverse the bearish pattern, and further rebounds encountering resistance and falling back is highly probable.

BTC rebounds near 63,600-64,200, with support at 62,800-61,300.

ETH rebounds near 1,770-1,810, with support at $BTC 1,740-1,650.
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