The market highs continue to decline without interruption, forming a step-by-step pressure pattern. From the 4-hour timeframe, the MACD indicator is operating below the zero line, indicating that bearish momentum dominates in the medium term, while bullish counterattack strength is limited.
Overall, the market is in a weak, consolidating-to-lower range after a pullback from a high level. The rebound strength is limited; each time there is a modest rebound, it struggles to break above the previous high. This is a typical weak “repair” within a descending channel. In this pattern, rebounds are more of a technical correction rather than a trend-reversal signal. Layered resistance overhead keeps stacking up, and sustained selling pressure remains. For short-term trading, it is not advisable to recklessly bottom-pick and bet on a bounce.
For Bitcoin: rebound near 79,000–79,500; support below at 78,500–77,000.
For Ethereum: rebound near 2,510–2,540; support below at 2,480–2,420.
Overall, the market is in a weak, consolidating-to-lower range after a pullback from a high level. The rebound strength is limited; each time there is a modest rebound, it struggles to break above the previous high. This is a typical weak “repair” within a descending channel. In this pattern, rebounds are more of a technical correction rather than a trend-reversal signal. Layered resistance overhead keeps stacking up, and sustained selling pressure remains. For short-term trading, it is not advisable to recklessly bottom-pick and bet on a bounce.
For Bitcoin: rebound near 79,000–79,500; support below at 78,500–77,000.
For Ethereum: rebound near 2,510–2,540; support below at 2,480–2,420.
