$BTC Thoughts are coming

Looking at Ethereum on the four-hour chart, after peaking at 1779, it continuously closed with bearish real bodies, and the previous sideways consolidation around 1720 has been effectively broken through. Subsequently, the bears completed a structural downward move with increased volume.
Although the 1633 dip brought support below, the current candlestick only shows a small real body at the low, indicating a short-term exhaustion correction after a sharp decline, not a trend reversal.
The area around 1680 above has turned into a dense zone of trapped positions, and the subsequent rebound is more likely to be a liquidity fill.
Looking at the one-hour chart again, after the price stabilized at 1633, it converged sideways around 1650-1665.
The series of small real bodies indicate that bulls and bears are temporarily balanced, but the rebound is weaker than the previous decline, a typical weak sideways pattern, trading time for space.
Although the MACD bearish momentum is beginning to shrink, it has not yet completed a trend reversal.
In the short term, a rebound correction is likely first, followed by a secondary directional choice.
Ethereum from 1680-1700 is short, with a target around 1600. $ETH