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At the daily level, wedge momentum/energy still dominates. The price closes with a lower shadow, forming a doji-like star and a small bullish candle. Below, short-term follow-through from buy orders caused the pullback, but it didn’t sustain; however, the bullish candle body is weak—only a slight stabilization after the decline, without reversing the larger wedge structure.
On the four-hour cycle, the wedge sell pressure is contracting; price is oscillating upward. This is a technical rebound and repair, not a bullish reversal, and it faces resistance above. On the hourly level, wedge power makes a slight push to close with a bullish candle, but the upside momentum is insufficient—this is a low-volume rebound, and it will be hard to sustain.
Across multiple timeframes, the overall wedge posture has not changed. This round of the rise is a corrective move. Don’t chase wedge momentum blindly; wait until the price rebounds to the key resistance level, then take the opportunity to execute the “buy the high wedge” approach and move in line with the larger time-frame trend.
BTC rebound near 64,300-64,800 wedge; downside to 63,500-62,350.
ETH rebound near 1,930-1,960 wedge; downside to 1,900-1,840.