In the early hours, the market is repairing after a narrow-range consolidation; price is being held down by overhead resistance. The “dou-head” rebound attempt is weak, with a lack of incremental buy-side demand, and the bounce has no follow-through.

Overhead, sell pressure on the “big cake” stacks up, and as soon as the price probes, it gets pushed down. Ethereum is following the “big cake” but with a weaker independent move. The current small rebound is only a technical patch, not a trend reversal.

In the morning, market liquidity returns, and the price action is likely to become more regular in its range fluctuations. Still, it’s recommended to go with the trend.

btc rebound around 64800–65300 area, then look down to 64300–63000.

eth rebound around 1900–1930 area, then look down to 1870–1800.