Analyzing the overall market structure, the downside adjustment space in this round has not yet been fully released, and the short-term dip is not finished yet. The rebound right now is only a brief corrective move during the sell-off—don’t misjudge it as a reversal signal. The focus keeps shifting lower, the pressure levels keep dropping, the strength of the pointer’s counterattack is weak, and it’s difficult to turn around the current bearish bias.

It is recommended to stay in line with the trend: primarily look to open short positions on rallies at higher prices, and patiently wait for lower support to be tested further.

btc rebound around 65200-65800, then watch for a drop to 64600-63500

eth rebound around 1880-1910, then watch for a drop to 1860-1800