What do you think about this wave of BTC? The weekly chart has already broken through the downtrend line, but is stuck at the 94500 rectangle support/resistance zone. This week, a long upper shadow and a large bearish candle formed, indicating that selling pressure above is still quite strong. Currently, BTC is oscillating within a large rectangle; a genuine rebound requires breaking through the upper boundary of this rectangle. For a pullback, watch whether the upward trend line at 89700 can hold.

The daily chart shows a volume-driven large bearish candle, breaking below the middle of the channel, forming a Evening Star bearish pattern. The key level now is 90700 (W bottom neckline). If it cannot hold here, the next support is at 89500 (Bollinger Band middle), with an extreme correction down to the 87000 channel lower boundary. However, both MACD and RSI have already experienced a golden cross, so despite the possibility of a reversal, there is still a short-term opportunity on the 4-hour timeframe.

PEPE has also been interesting recently. The weekly volume surge directly broke through the multi-year downtrend line. This week's pullback is actually a technical confirmation after the breakout. As long as it can stay above the trend line, further rebound is possible. The daily chart shows four consecutive bearish candles, but the key is that the upward volume is larger, having already broken through the downtrend channel and Fibonacci 0.236. It retreated after reaching the pressure zone at 0.0000072, where the Vegas channel overlaps with a dense area of chips. Currently, the supports to watch are 0.0000058 (trend line + FVG fill) and 0.0000053 (rectangle upper boundary breakout). The 4-hour chart just experienced a sharp rally, but indicators may face some downward correction risk.