From a morphological and structural perspective, the Kun’tou trend remains clearly defined. The strength of this rebound is far less than the earlier pullback; it can only briefly slow the decline and cannot change the overall bearish outlook.

On a higher timeframe, the market is still in a consolidation phase of recovery after a selloff. This is a normal technical rebound after a major drop. On the smaller timeframe, attempts to push higher lack momentum, and the market is range-bound with sideways volatility at higher levels. The Kun’tou structure remains intact, and momentum is sufficient.

In the short term, the market still needs to oscillate and build up energy. However, the likelihood that it will subsequently break down and continue the main selloff is extremely high.

BTC rebound around 60600-61200 on the Kun’tou; downside target 59800-58300.

ETH rebound around 1600-1630 on the Kun’tou; downside target 1570-1500.