Bitcoin Market Analysis: On the daily timeframe, the overall long-term cycle remains within a long-term descending channel. Each rebound retreats after approaching the previous bottom support of a new cycle stage, sinking deeper each time. The overall situation is still a consolidation oscillation within a downtrend, and the rebound has not reversed the medium-to-long-term bearish pattern. 65150 is the strong watershed level for this round of rebound. Only if the daily candle closes above 65150 can the downtrend be temporarily alleviated; there will be significant selling pressure when the price rebounds near this range.

Ethereum Market Analysis: The daily trend structure shows that this rebound is merely a 30%-50% Fibonacci retracement after a major drop. The strong resistance above is 1850. Before breaking above 1850, the short-term downtrend will not easily reverse. Considering historical price action, multiple failed attempts to break higher will trigger a new round of deep decline. Holding the short-term support near 1610 will maintain a range-bound rebound.

Trading Suggestion: Bitcoin retrace to near 60800-60500 go long, stop loss at 59800, targets near 62700-63200, if broken look at 64100, if not broken go short.

Ethereum Trading Suggestion: Retrace to near 1695-1675 go long, stop loss at 1650, targets near 1755-1780, if broken look at 1810-1830, if not broken go short. (Strategy for reference only)#BTC #ETH