Still no sign of momentum—high-level consolidation has been maintained. After the morning stretch reached around 64,500, there was no follow-through. Price kept tugging back and forth around the high level, and the room for movement has continued to be compressed. Regarding the current market structure, Zhuowei already reminded everyone in the morning that when price probed again toward the 64,500 area, it was time to follow up with short positions. After several stretches and tests, it still couldn’t break through. Undoubtedly, the upside suppression is relatively strong. The short-term rebound has already bottomed out; shorting is the main theme. The trend isn’t hard to judge—the challenge is enduring the sideways chop, holding your position, and staying with your trade. Only then do you deserve the payoff.
At present, market sentiment is still testing. Rebound volume has been continuously shrinking, and bearish (turning-to-down) sentiment is surging. On the four-hour timeframe, the price has repeatedly tested the upper band without success. The area above shows dense, downward-pointing wick candles (upper shadows). The continuation of the bulls’ rebound has been strongly suppressed, while market volume continues to turn bearish as it builds energy. For the MACD technical indicator, the bullish candles begin to slide over— the market is clearly moving into a down phase, further confirming the need for a pullback. Combined with the prior break below 64,500, this stage likely has densely stacked orders. A short-term rebound cannot break through this threshold—so it’s only a matter of time before a pullback becomes inevitable.
For BTC: support at 63,300, breakthrough target at 62,500
For ETH: support at 1,830
#SC原油下跌6.01% $BTC $ETH
At present, market sentiment is still testing. Rebound volume has been continuously shrinking, and bearish (turning-to-down) sentiment is surging. On the four-hour timeframe, the price has repeatedly tested the upper band without success. The area above shows dense, downward-pointing wick candles (upper shadows). The continuation of the bulls’ rebound has been strongly suppressed, while market volume continues to turn bearish as it builds energy. For the MACD technical indicator, the bullish candles begin to slide over— the market is clearly moving into a down phase, further confirming the need for a pullback. Combined with the prior break below 64,500, this stage likely has densely stacked orders. A short-term rebound cannot break through this threshold—so it’s only a matter of time before a pullback becomes inevitable.
For BTC: support at 63,300, breakthrough target at 62,500
For ETH: support at 1,830
#SC原油下跌6.01% $BTC $ETH