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BTC surged to around 60600 in the early hours, hit resistance and pulled back, with weak intraday consolidation and cautious market sentiment.
On the 15-minute chart, price is under pressure at the lower Bollinger Band, with MACD showing a bullish divergence at low levels indicating repair demand; on the 4-hour chart, the Bollinger Bands are expanding again, a turning point is near, but bullish momentum continues to weaken, lacking upward power.
Short-term long-short divergence intensifies, with repeated turnovers in key ranges; support and resistance are tested in both directions, with no clear direction. In the afternoon, first look at the rebound resistance range before placing short positions.
BTC: short near 60200-60800 on a rebound, targets 59000-58000
ETH: short near 1610-1640 on a rebound, targets 1560-1510
$BTC $ETH