A modest upward pull is a trap used by the short “Qun Tou” to lure longs into getting sold off; rebounds are weak and lack staying power. Multiple moving averages above the price resonate and suppress the movement, leaving upside space locked. The downside-channel structure remains intact, and the “Qun Tou” dominance pattern is unchanged.



The current market is a decline continuation pattern, not a bottoming-out signal. “Qun Tou” confidence has collapsed; bullish sentiment is sluggish. There are many long positions trapped at higher levels, and continuous selling pressure. Any rebound is merely a brief repair, with no chance of a reversal.

Judging from market sentiment, capital competition, and technical structure, the signals all point to “Qun Tou,” and the “Qun Tou” trend is clearly strong. We should go with the trend.

BTC rebound around 58800-59500, then look down to 58000-56300

ETH rebound around 1590-1630, then look down to 1560-1450
BTC-0.26%
ETH0.75%
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