BTC and ETH have both rebounded with a small recovery after breaking out of their dip, but many people see a few red K-lines and think the bottom is in, rushing to buy the dip and go long.

From the one-hour chart, it’s clear that this rebound is only a technical repair after a bottoming move. The MACD double lines are still below the zero line, and the KDJ indicators are all close to the high zone, entering an overbought range. Meanwhile, there is strong sell pressure at the upper Bollinger upper band.
No large-scale decline structure has changed. In the short term, upside rebound room is very limited, and there is a high probability of a push up followed by rejection and a pullback. Don’t be misled by this short-term minor bounce—do not blindly go long against the trend.