Analysis of BTC and ETH Charts and Future Outlook

Looking at the overall BTC and ETH market today, the recent trend has continued a gradual upward grind, with multiple days of oscillating rises. Short-term bullish sentiment has fully recovered, with many retail investors following the trend to go long, generally expecting the market to break higher. However, based on real-time chart details and technical indicators, the momentum of this rebound has gradually weakened, and the signals of high-level resistance are very clear. Short-term conditions do not support a sustained surge.

Currently, there are two key points in the market: first, after repeated price surges, key resistance levels have been tested multiple times without a breakout, leading to an accumulation of selling pressure at highs; second, on the hourly chart, indicators have already shown overbought divergence, with bullish volume continuously shrinking and buying power weakening, unable to support further upward movement. Therefore, the current high level is definitely not a time to chase longs, but rather the best window to gradually arrange short positions. A slow rise will inevitably be followed by a deep pullback, and the priority in the coming period is to look for a high-level retracement and repair.

Strategy reference:

BTC: Enter short positions in batches at the current price and the 63000-63500 high range, with reasonable position allocation. If there is a slight upward spike, you can add positions to lower the average entry price—don't fear short-term small rebounds. Target: First, the 62000 short-term support level; if broken, further look to the 61000 core support range to capture profit from the high-level pullback.

ETH trend follows BTC in sync: Enter short positions at the 1780-1800 resistance range, target: first look at the 1700 short-term support; after the support breaks, follow the trend to target the 1680 low range.
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