From the overall daily long-term cycle chart structure, the market as a whole remains in a phase of consolidation and adjustment. After a sharp drop in prices overnight, the market experienced a technical rebound recovery, but the overall trend and rhythm remain weak. The market will repeatedly show a seesaw pattern of rebounds followed by pullbacks and minor recoveries after declines. For the bulls to completely reverse the current operating pattern, a longer cycle is needed to accumulate momentum.

Switching to the four-hour short-term cycle for observation, the coin price previously broke below the lower Bollinger Band and has now recovered back above this line. This rebound recovery is entirely within the expected trajectory of the market. At this stage, the middle Bollinger Band constitutes the most critical short-term resistance level: if the price can stabilize above the middle band, this rebound will have the conditions to continue expanding upward; if the price continues to be suppressed and operates below the middle band, then the short-term bearish operation strategy can be maintained.

BTC short at 61000-61500 range Target 59000
ETH short at 1630-1660 range Target 1550$BTC ‌$ETH ‌