The current market is only a rebound from a sharp decline after an oversold condition; the long-term bearish pattern has not changed; the MACD green bars on the chart continue to narrow, which only indicates a technical rebound caused by short-term oversold conditions, not a trend reversal signal; a bullish trend has not yet been established.


Key levels for Bitcoin: the short-term first support is 64,380, which is the core range of this round's low point rebound; a valid break below this level will directly invalidate this round's recovery trend; strong support at 63,800, which is an important bottom threshold in this round of decline; if volume increases and it breaks down, a new deep decline will begin.
Resistance levels: 65,100, 65,900, and intra-day strong resistance at 66,300.
Trading suggestion: The daily chart shows a complete bearish structure, mainly shorting on rebounds. If the price rises to the 64,800-65,500 range and encounters resistance without breaking through, consider short positions; the first target is 64,380; if support is broken, look for a move towards 63,800-61,500.
Key levels for Ethereum: short-term support at 1,741, strong support at 1,724; once the 1,724 level is broken, this rebound will be over, and the market will return to a weak downward trend.
Resistance levels: 1,767, 1,792, and intra-day strong resistance at 1,809.
Trading suggestion: When the price rebounds to the 1,765-1,790 range and shows signs of stagnation or pressure, consider shorting; the primary target is 1,742; if support is $BTC broken, further targets are 1,724-1,650.
BTC1.02%
ETH1.07%
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