Based on a breakdown of the four-hour cycle chart, the current MACD indicator pattern is clearly bearish. Both the DIF and DEA lines are consistently running below the zero axis, indicating that the overall market is in a weak range dominated by bears.

The two lines continue to maintain a dead cross while further widening and diverging, with the downward pace being continuously intensified. Meanwhile, the MACD green bearish momentum histogram continues to expand with increasing volume, and there are no clear signs of contraction and stabilization—bearish strength is still being released.

Judging from the overall indicator structure, at this stage the bears have not formed effective counterattack momentum, and the overall large-scale downtrend has not seen any substantive reversal. There is heavy sell pressure overhead, and the downward pressure has not been relieved. The market will most likely continue to follow a weak, range-bound, and weakening pattern.

BTC rebound around 60200–60800; downside support at 59200–57600.

ETH rebound around 1590–1630; downside support at 1550–1480.