From the overall technical board, the current market’s major trend has not undergone a real reversal, and the downtrend continues to dominate with a stable rhythm. Although the short-term has rebound momentum due to being oversold, the strength is weak and the rebound is limited. Upward resistance is high, and the long-side counterattack lacks momentum.

On the weekly timeframe, it forms a weak pattern with lower lows—showing that the downtrend remains highly continuous, with the market being controlled by the downtrend. Although the long side has mounted multiple rebounds, it cannot hold above the 60000 level. The rebounds surge to a high point and then fall back; in the future, setting new lows and continuing the downward move is only a matter of time.

btc rebounds near 59500-60200, then watch support at 58800-57300 downward.

eth rebounds near 1570-1600, then watch support at 1540-1460 downward.