After the market dipped lower, there was a modest rebound, but the bulls’ counterattack remains weak. On the 4-hour timeframe, a high-volume bearish candle with an extremely long upper wick was formed, creating a standard top-reversal pattern. The price then pulled back accordingly, and short-term selling pressure has concentrated and been released inside the market. On the daily timeframe, a high-volume bearish candle with long upper and lower wicks also appeared, confirming that a near-term top has formed. Bull momentum has clearly exhausted, and the bearish side dominates the order book.

On the indicator side, on the 4-hour MACD, the DIF line has crossed below the DEA to form a death cross, and the green histogram continues to expand, further strengthening bearish downside momentum. The daily chart has just ended a trend of consecutive consecutive up days, and the sell-off has not yet bottomed out and stabilized. There is still room for further downside ahead. Combined with the early-session rally up to the 1848 area, which has a chance to form a double-top structure, subsequent rallies are an excellent opportunity to incrementally enter shorts. Hold patiently and wait for the market to pull back further.
BTC rebounds to 63100-63600 area to go short, targeting 62000-61300 below
ETH rebounds to 1800-1830 area to go short, targeting 1720-1650 below
$BTC $ETH #伊朗宣布关闭霍尔木兹海峡