Bitcoin is currently expected to undergo a 1-hour level rebound, first observing the rebound strength. Normally, after a 1-hour level rebound, there will be another decline.

Medium- and short-term trend direction: The main direction on the 4-hour cycle is still in the first wave of a 4-hour decline within the daily downtrend, and a break above 68,000 is needed to consider the 4-hour decline over.

1-hour cycle direction: Focus on the rebound until tomorrow.
On the 1-hour level, it is currently experiencing a 1-hour rebound, with a temporary psychological expectation of between 64,000 and 65,000, and even touching 65,000 is possible.
Normally, after this 1-hour rebound completes, there will be another 1-hour decline breaking below 59,100 to complete the overall 4-hour decline.
However, if the market behaves unusually, it is possible to see a direct small-to-large 4-hour rebound.
To achieve such a abnormal movement, two conditions must be met:
1. Sudden positive news.
2. The price must at least break above 68,000.
If a special 4-hour rebound occurs, the upper target could be around 73,500.
First, consider that after the 1-hour rebound completes, the market may continue to decline, extending the 4-hour decline, because Bitcoin’s recent drop below 60k is not a divergence.
In principle, after a rebound, another decline should follow.
As for whether a small-to-large 4-hour rebound will occur, that is a low-probability event, and risk management should be used to guard against it.

On the 15-minute level, a short-term correction may occur, followed by another 15-minute rebound.
The key point is to watch the strength of the third 15-minute rebound.

Ethereum is also experiencing a 1-hour rebound, currently only having completed the first 15-minute rebound.
There will be a second 15-minute correction and a third 15-minute rebound.
Overall, the 1-hour rebound target is around 1700 to 1750.
Normally, after a 1-hour rebound, there will be another decline to around 1400 to complete the 4-hour decline, but the specific situation depends on market movement.
A break above 1850 is needed to consider a 4-hour rebound, which is currently less likely.