This round of price surge lacks solid fundamentals support. There is no favorable economic data or long-term capital logic driving the influx; it is a fictional upward move fueled by short-term speculation and hype.

The brief spike up in essence is not the start of a steady uptrend, but rather a buildup of high-level profit-taking sell orders, accumulating downward-correction momentum for a deep pullback. The illusion of prices rising can easily lead retail investors to misjudge, chase higher, and get trapped.

See the momentum clearly through the order book, stay firm in your bearish view, don’t be misled by short-term rebounds, don’t follow the crowd to chase longs. Rely on the rebound resistance levels to place short orders, and wait for a reasonable pullback rhythm.

BTC rebounds around 65,000-65,500; support below at 64,400-63,200

ETH rebounds around 1,870-1,900; support below at 1,840-1,750