Monday Afternoon Jing Yi's Perspective

A rebound is not a reversal; a long squeeze in a falling market is not wrong

Someone asked if Jing Yi is turning bullish? Jing Yi just wants to say what does it mean to follow the trend.
Can't you profit from a rebound or short-term long in a downtrend?
Do I draw the candlesticks?
The long-term outlook remains bearish.
Currently, Bitcoin is in a consolidation phase after a decline, with a rebound above 630.
MACD: DIF line crosses above DEA line (golden cross), histogram turns red, short-term bullish momentum strengthens.

The second wife is also in a rebound phase after a decline, with the coin price back above 1660.
MACD: DIF line moves upward toward DEA line, histogram turns red, but both lines are still below the zero axis, still in a rebound within a bearish trend.

BTC
First resistance level at 642 high point, short-term resistance, second resistance level at 705
First support level at 611 low point, short-term support, second support level at 591 recent low during correction

ETH
First resistance level at 1716 high point, short-term resistance, second resistance level at 1910
First support level at 1602, second support level at 1504

Both are in a rebound phase within a bearish trend.
Although MACD shows a golden cross signal, overall it remains below the zero axis, not confirmed as a reversal yet.

Trading suggestions:
If BTC stabilizes above 642 and ETH breaks through 1720, the rebound may continue to the next resistance level.

If BTC falls below 611 or ETH drops below 1600, the rebound may end, and the price could test lower support levels again.

Stay alert, trade carefully, and finally Jing Yi wishes everyone successful trading. #分享美股交易赢英伟达股票