Bitcoin Market Analysis: On the 1-hour level, the current low point of 57750 has bottomed out and rebounded. The first short-term resistance is 61800, with a strong resistance zone at 62700 (0%-18.2% Fibonacci confluence resistance from the previous decline). Below, short-term support is at 60800. Indicator bullish signals: MACD maintains bullish red bars, DIF remains above DEA, sufficient short-term rebound momentum. However, multiple Fibonacci resistance levels above pose a risk of a pullback under pressure. This is a rebound after oversold repair, not a major cycle reversal.



Ethereum Market Analysis: On the 1-hour level, the trend line structure shows
Price has formed a double bottom rebound from the low point, currently in the middle range between the upper and lower trend lines. There are signs of stabilization around 1610 in the short term, currently approaching the downward trend line resistance near 1676. Above, the 1740 multi-cycle trend line confluence is the key point to reverse the short-term downtrend. Currently, there is strong selling pressure above 1676, and corrections are likely during the rebound.

Trading Suggestions: Bitcoin: Short near 61800-62300 on rebound, stop loss at 62800, target around 60300; if broken, look at 59500; if not broken, go long.

Ethereum Trading Suggestions: Short near 1676-1696 on rebound, stop loss at 1717, target around 1625-1603; if broken, look at 1576; if not broken, go long. (Strategy for reference only)
#BTC #ETH
BTC5.12%
ETH6.14%
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