7.8 6:18 AM

Analysis:
Bitcoin and Ethereum's trends are basically the same, with Bitcoin slightly stronger than Ethereum. From the perspective of MACD, all levels above 1 hour have turned bearish. The market hasn't fallen yet because it is going to have a 5-minute rebound. Let's see if it affects the 15-minute chart and also triggers a rebound. If there is a 15-minute rebound, it will likely last until 10 o'clock. Even if it consolidates, it will take until this time point. It's not easy to drop for now. If the price still hasn't dropped by 4 to 9 PM, short positions above can consider taking profits and closing (indicating that the 1-hour level is consolidating instead of falling).
Summary: As time goes on, the probability of a decline increases. However, it cannot consolidate for a long time, as prolonged consolidation will weaken the bears' strength. Currently, there is a need for a pullback on larger timeframes. If there is no pullback (at least prolonged consolidation, calculated in days) and prices continue to stretch to the limit, then there will be extreme market conditions similar to October 11 last year, with a potential crash at any time. Be cautious when going long, and be sure to set stop-loss. Personally, I do not recommend taking long positions at the current level, as the risk is extremely high.