$BTC $ETH Bitcoin and Ethereum experienced a sharp decline at the 15-minute level, touching the lower Bollinger Band support. In the short term, the decline has halted and a rebound is underway, indicating a need for correction. MACD bearish momentum is gradually decreasing, the downward energy is weakening, KDJ is turning at low levels, and after being oversold, a rebound is expected. Although the current price is still under short-term moving averages, the volume at the low is clearly increasing. Intraday, it is more likely to test the lows for a correction, and it is not recommended to chase short positions at the lows.



Bitcoin: Long around 62,400
Target: 63,500-64,500

Ethereum: Long around 1,660
Target: 1,700-1,730

Intraday, it is more suitable to rely on support levels for a low buy and look for a rebound. The key is whether the European session can continue to increase volume and recover the moving averages. If the early low is broken again, then the strategy should be adjusted promptly.
BTC-0.62%
ETH-1.27%
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