At the 4-hour level, macro trend board analysis shows that the current market’s long and short forces have already completed a thorough reversal, and the long-side momentum has become the dominant force on the trend board.

From the moving average indicators, multiple short-term moving averages—MA5, MA10, and MA30—are moving downward in sync, forming a standard bearish alignment pattern. The price has rebounded, but it has repeatedly faced pressure and fallen back. The long-side capital momentum is insufficient, so it cannot break through the key overhead resistance zone; therefore, the rebound is unlikely to be sustained.

This trend-board rebound is a bull trap. The market lacks sustained buying/support, and the market’s swing highs keep shifting lower. The complete downward trend channel has already opened. Combined with volume-price analysis, during the rebound phase trading volume continues to shrink, while during the decline phase trading volume increases significantly. The gap between the forces of the long and short sides keeps widening.

Based on multiple trend-board signals, the current bearish structure is clear and unambiguous. In terms of trading, you can follow the trend and take the opportunity brought by the 🌊 pullback.

（BTC）：The price rebounds to the 65,100-65,700 range and faces resistance there. For the support zone below, watch 63,900-63,300;

（ETH）：The rebound faces resistance in the 1,930-1,960 range. The downside target range is 1,880-1,800. #比特币