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Over the past four hours, prices on the chart have repeatedly been under pressure at the middle Bollinger Band. The short-term small consecutive bullish candles only represent a weak rebound after a major selloff, and overall price action remains in a low-range sideways consolidation.
On the smaller timeframe, the highs and lows move downward in sync, making the choppy slow-drift lower pattern clearly visible, with the “ku” head taking the dominant role. On the hourly chart, attempts to push higher quickly hit resistance and fall back; candlesticks alternate between bullish and bearish signals, gradually retracing. The “duo” momentum continues to fade, so in the short term, it’s sufficient to follow the trend and look for a pullback.
BTC rebounds around 63,800-64,500, then looks down to 63,200-62,000.
ETH rebounds around 1,680-1,720, then looks down to 1,650-1,580.