The short-term 1-hour level rebound of BTC is still very weak, failing to break through 61000. Be cautious that after the rebound, it may continue to decline.

The weekly candle closed today. It remains a bearish candle along the 5-day moving average. Based on the weekly decline magnitude, it is unlikely to be a阶段性 low. The key point is that the weekly MACD bearish crossover underwater is already locked. While it's not impossible for the weekly underwater bearish crossover to produce a large rebound, the probability is indeed very low. Therefore, I believe there is still a high likelihood of further declines from this week to next week. Currently, it should be a short-term pause in the downtrend.

At the BTC 1-hour level, it is currently uncertain whether the fourth 1-hour rebound to 60941 has ended. There is still a possibility of another short-term push towards 61000. A re-break below 58900 would likely confirm the end of the 1-hour rebound. If the fifth 1-hour decline is starting now, where could it go? The main thing is to watch whether it accelerates after breaking below 58000. If it does not accelerate, a return to around 60k for consolidation and further construction of a center before dropping again should be considered. The ideal lower target is a rapid decline to the 50000-55000 range. In the short term, if it re-breaks 62500, it could be seen as the start of a 4-hour level rebound, but this probability is decreasing unless there is a rapid rally from tonight to tomorrow morning. If a 4-hour level rebound does occur, watch the 63500-64400 area.

At the 15-minute level, it has already broken below 59000 this morning but quickly pulled back above 60000, making it unclear whether the 1-hour level decline is underway. A 15-minute decline started from 60941, and then a 15-minute rebound began from 58911 this morning. Whether this 15-minute rebound has ended remains to be seen. A re-break above 60600 could allow another push towards 61000. If it fails to rise and instead breaks below 58911, it would confirm a new 1-hour level decline in the short term.

Ethereum rebounded to 1611 over the weekend, which should be over. It is now likely starting a new 1-hour level decline. During today's daytime session, it consolidated into a 15-minute level center. Further observation is needed. If it breaks below 1548 again in the short term, it could mean the fifth 1-hour level decline is underway, potentially breaking 1500. A re-break above 1595 would point towards the 1600-1650 range.

Ethereum's weekly MACD has already had a bearish crossover underwater for some time. Normally, ETH should at least break the low of 1505 from June 6 this week.