What often determines market direction is not a single big bullish candle, but whether there is support after a pullback.
For example, with $BTC , a rebound only shows that sell pressure has temporarily weakened; it does not directly prove a trend reversal. More importantly, observe three things: whether the pullback holds the previous low; whether trading volume increases in sync when breaking through; and whether spot capital is willing to chase the price.
If price rises while trading volume continues to shrink, it usually is just short-covering. And if $ETH is still clearly weaker than $BTC , it means market risk appetite hasn’t fully recovered yet. Only when major coins show coordination, and the magnitude of pullbacks gradually narrows, can the structure potentially shift from “a rebound” to “a trend”.
$BTC
#比特币现货ETF净流入9.99亿美元
For example, with $BTC , a rebound only shows that sell pressure has temporarily weakened; it does not directly prove a trend reversal. More importantly, observe three things: whether the pullback holds the previous low; whether trading volume increases in sync when breaking through; and whether spot capital is willing to chase the price.
If price rises while trading volume continues to shrink, it usually is just short-covering. And if $ETH is still clearly weaker than $BTC , it means market risk appetite hasn’t fully recovered yet. Only when major coins show coordination, and the magnitude of pullbacks gradually narrows, can the structure potentially shift from “a rebound” to “a trend”.
$BTC
#比特币现货ETF净流入9.99亿美元