The support below was not broken during the midnight pullback and the rebound began. The rebound strength will be seen to maintain the box and wait for a breakthrough during the day!
Market Review
Bitcoin continued to retreat downward with large volume at midnight, reaching a low of 25325. The pressure from above continued to move downward, and the market needs to continue to retreat before it can open the subsequent market range. At present, the overall market is moving back and forth between the lower support. As mentioned in the market layout last night, the upper pressure will move downward and retreat again. Further support is around 25000. If the market retreats again by 700 points, it will maintain the current overall box and make a good layout at the key pressure support!
In the current market of bitcoin, the upper daily line also closed with a negative column, and the lower lead below is also relatively long. As for the intraday market trend, the short-term is currently consolidating back and forth with the lower support, and the four-hour trend is currently in a low-up stage, and the short-term is still in an upward stage. Therefore, for intraday bitcoin, there will be a short-term rebound. The upper pressure is at the 26500-26700 level. If the upper pressure cannot be broken through, it will retreat again. The lower support is also at 25500-25300, maintaining the box back and forth. First look at the strength of the short-term rebound, and then look up after the pressure breaks through. Otherwise, it will still oscillate back and forth in the box, maintaining high altitude and low longs, because this round of retracement did not have too much volume, which also shows that the current room for decline below is not very large. For the subsequent market, just wait for the bottom to be built.
The same is true for the market of Ethereum. The closing line in the morning also has a relatively long lower shadow, and there is also obvious support below. The short-term downward retracement will not be too large, and the short-term market will also have a small rebound. The upper pressure is in the range of 1700-1680. If the upper pressure cannot be broken through, it will maintain oscillation back and forth in the range. The lower support is also in the range of 1620-1630. Maintain the box back and forth and wait for a breakthrough.$BTC 
