Daily-level breakdown of long/short flips: On the 14th of this month, the coin price surged with a high-volume, strong bullish candle that broke through the trading range. Incremental capital entered the market, opening up room for upside in the short term, and long sentiment reached a peak. However, the bull’s offensive did not continue. After the bullish candle, two consecutive days of bearish candles followed for consolidation. On the 16th, a high-volume, strong bearish candle formed a bearish engulfing pattern, indicating heavy overhead pressure and showing that the bull attack lacked follow-through; the bear side dominated the order book.

MACD confirms in sync: On the 14th, the rise formed a golden cross, and the elongation of the red histogram reflects bull momentum accumulating. But after the pullback over the past two days, the DIF curve turned downward; the gap between the two lines narrowed, the red histogram shortened, and this indicates that bull momentum is weakening and incremental buy orders have exited. Multi-period K-lines and indicators resonate together: short-term pullback pressure continues to build, conditions for a bull counterattack are missing, and the next market is mainly characterized by choppy pullback and decline.

BTC rebound around 64,000–64,600; support below at 63,400–62,300

ETH rebound around 1,870–1,900; support below at 1,840–1,768