Today, on the four-hour ETH level, from a naked K perspective, the bullish trend is still intact, and I may be looking at a potential perfect zero-line cross above.

However, BTC is a bit outrageous: on the four-hour timeframe, the MACD has already fallen below the zero line, and the bullish trend in naked K isn’t strong. There’s a possibility it could reach around 63,000, where we could see a trend reversal from bullish to bearish.
Since ETH will definitely be affected by BTC’s larger cycle and broader trend, being bullish on ETH is also relatively risky. Overall, it comes down to whether BTC will break below the zero line and then rally back up for another attempt to push through and set a new high around 65,000; if it can’t, then it may truly end up breaking the 60,000 level. So when everyone is trading ultra-short-term recently, you also need to pay attention to the support and resistance zones. $BTC $ETH ‌ ‌