Market: Trading sideways and not a reversal; rebound means short
The short-term trend is clearly downward and is in a consolidation phase after weak bearish drifting. Although the downside momentum has weakened, there is no reversal signal.
At present, the sideways range is most likely a “bearish continuation,” meaning that after using time to restore indicators, the probability remains high that it will continue probing lower.
BTC
Range: 75,750 – 75,850
First target: 75,200
Second target: 74,950
ETH
Short-selling range: 2,402 – 2,410
First target: 2,380
Second target: 2,357
Bearish bias + sideways buildup = wait patiently.#比特币跌至7.6万美元 #ETH🔥🔥🔥🔥🔥🔥
The short-term trend is clearly downward and is in a consolidation phase after weak bearish drifting. Although the downside momentum has weakened, there is no reversal signal.
At present, the sideways range is most likely a “bearish continuation,” meaning that after using time to restore indicators, the probability remains high that it will continue probing lower.
BTC
Range: 75,750 – 75,850
First target: 75,200
Second target: 74,950
ETH
Short-selling range: 2,402 – 2,410
First target: 2,380
Second target: 2,357
Bearish bias + sideways buildup = wait patiently.#比特币跌至7.6万美元 #ETH🔥🔥🔥🔥🔥🔥
