Bitcoin and ETH Evening Market Analysis and Future Direction

Looking back at the overall intraday market, BTC and ETH experienced a strong rebound today, with the 24-hour market moving higher overall. BTC gained over 4.3%, and ETH rose nearly 7.4%. All long positions placed at the previous low levels have accurately realized profits, with the rhythm fully aligned with expectations.

However, from the evening real-time market, the upward momentum of the bulls has clearly weakened. After touching the key resistance zone, prices have repeatedly retreated under pressure. Multiple attempts at the high levels have failed to break through effectively. This rebound was mainly driven by an improvement in macro risk sentiment, not a full-scale surge in market bullish funds. The upper resistance is extremely strong, short-term bullish momentum has been exhausted, and the risk of a pullback after the rise continues to escalate. Based on the market structure, the evening market is likely to enter a pullback and consolidation phase under pressure. Do not blindly chase longs at highs. Following the trend with shorts at highs is currently the most robust strategy.

Trading Ideas:
BTC: Rebound resistance zone: 61500-62000, short-term target: 60000-59500 support zone
Risk management: The high-level resistance zone is solid. Before a breakout, firmly expect a pullback. Adjust strategy promptly only if a breakout occurs.

ETH: Rebound resistance zone: 1670-1690, strategy: Enter shorts in batches at resistance levels, short-term target: 1600-1580 low-level support

Future Direction Forecast
Short-term market: The evening trend is generally biased toward oscillating and pulling back. Retreating from highs is the core rhythm. Rebound opportunities are selling opportunities. Focus on the effectiveness of the upper resistance. If resistance breaks, terminate the short-term short strategy immediately. [Details on homepage]
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