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After a round of pullback, the current market is only rebounding slightly weakly, and overall remains weak. Every time it spikes upward, it lacks follow-through. Heavy pressure from the moving averages sits above; each rise will face pressure and fall back.
Indicators also show that upside momentum is getting weaker. This rebound is only a brief pause—before there is a breakout of the key resistance level with increased volume, it will be difficult for the overall trend to turn stronger.
BTC; rebound 64,300-64,700 target 63,000-62,500
ETH; rebound 1,810-1,830 target 1,770-1,750
$BTC $ETH
After a round of pullback, the current market is only rebounding slightly weakly, and the overall bias remains bearish. Each time it pushes upward and rises, there’s no follow-through. The moving averages above are under heavy pressure, and every rise is followed by a pullback under that pressure.
Indicators also show that the upward momentum is getting weaker. This rebound is only a brief pause and consolidation. Before breaking through the key resistance level with volume expansion, it’s difficult for the overall trend to turn stronger.
BTC; rebound 64300-64700 箜 target 63000-62500
ETH; rebound 1810-1830 箜 target 1770-1750
$BTC $ETH