Rate hike lands, profit-takers exit, and the price pulls back from the rebound high. Shorts hold the upper hand but aren’t aggressively chasing; longs are probing from the lower levels. Sentiment is cautious—everyone is waiting for a catalyst in the news to trigger a move.
First, look at the 4-hour chart: moving averages are in a bearish alignment. Any rebound is merely a pause within the downtrend, not a reversal.
Next, look at the 1-hour chart: price is consolidating above the previous low; it can neither fall nor rise much—waiting for the market to choose a direction.
Overall approach: rebound is primarily for shorting under resistance; if a breakdown occurs, follow the trend. Don’t chase selling, and don’t buy the dip.
BTC: In the rebound zone around 76,500–77,000, look toward 75,500–76,000.
ETH: Short in the rebound zone around 2,430–2,450, look toward 2,380–2,400.
First, look at the 4-hour chart: moving averages are in a bearish alignment. Any rebound is merely a pause within the downtrend, not a reversal.
Next, look at the 1-hour chart: price is consolidating above the previous low; it can neither fall nor rise much—waiting for the market to choose a direction.
Overall approach: rebound is primarily for shorting under resistance; if a breakdown occurs, follow the trend. Don’t chase selling, and don’t buy the dip.
BTC: In the rebound zone around 76,500–77,000, look toward 75,500–76,000.
ETH: Short in the rebound zone around 2,430–2,450, look toward 2,380–2,400.