The mid-term downside for Ethereum and “the Big Pie” has been ongoing for 8 months. It has now reached the end of the mid-term downtrend. We need to focus on the structural formation of a consolidation bottom. After the consolidation bottom is formed, the market will also begin a mid-term rebound trend.

On the daily chart: after 5 days of decline last week, a rebound started from the weekend into Monday, and it all met resistance; then there was a rapid decline last night. It is expected that after a daytime rebound today, the downward move will still continue.

Bitcoin’s rebound resistance is mainly around 64,800, with a turning point at 65,600. On the downside, the temporary support is seen around 62,000. This week, mainly pay attention to the 62,000–61,000 range. If this range cannot be broken this week, then the mid-term rebound will be initiated#Gate股票7x24小时交易 $BTC $ETH