After a 4-hour bullish surge, the price only pulled back slightly before pushing higher again. The short-term long-side market appears strong, but this round of upside is driven by favorable geopolitical sentiment, and market long sentiment continues to deteriorate. There are no signs of easing in the Iran-U.S. situation, and with a lack of sustained positive catalysts, the “baby” momentum is not strong enough to continue.

After the hourly chart keeps printing consecutive bullish candles, indicators have entered overbought territory. At high levels, trading volume has shrunk and the market is consolidating within a narrow range. The “baby” momentum is gradually weakening, and there is ample need for pullback and repair. In the short term, there is unlikely to be much room for a big upside move; the market will mainly be a pattern of rally to highs followed by consolidation. It is recommended to prioritize selling on rebounds with higher prices.

btc rebounds around 65200-65800, then look down to 64400-63300.

eth rebounds around 1900-1930, then look down to 1870-1800.