After the big pancake was withdrawn at 83,400, it was taken back again. Even after four hours, things still lean bearish. The support area has shown some acceptance, but that alone is not enough to prove the correction is over. This rebound surged to 84.3k, but the close almost gave back all the gains. Then that small bullish candle clearly shrank in volume; the latest candle turned bearish again, and it is still below the 20- and 50-day moving averages. The rebound target zone was indeed touched, but touching and standing firm are two different things. If the price can still be pulled back from the 82.8k area, that’s an important contrary signal that can’t be ignored; chasing short positions right along there is also not appropriate.
Next, observe the rebound failing: don’t take a single recovery of 83,400 as grounds to add longs. Near-term, first watch whether the prior consolidation zone of 83.8k—84.3k can be reclaimed. Above, 84.9k—85.2k remains the pressure band where selling repeatedly comes in. If the 4-hour chart regains 85,242, then we撤回 this bearish call. This time, we only consider price location; we won’t list any entry combinations. For ETH, first look for range-bound action: after it surged to 2720, it also couldn’t hold the gains. The latest bearish candle saw increased volume and pulled back, but the key swing support around 2626 is still holding. For the rebound, first face the 2667—2673 area; don’t directly assume it’s back to strength. If the 4-hour chart breaks down below 2626, then the range outlook will be invalid.
$BTC $ETH
Next, observe the rebound failing: don’t take a single recovery of 83,400 as grounds to add longs. Near-term, first watch whether the prior consolidation zone of 83.8k—84.3k can be reclaimed. Above, 84.9k—85.2k remains the pressure band where selling repeatedly comes in. If the 4-hour chart regains 85,242, then we撤回 this bearish call. This time, we only consider price location; we won’t list any entry combinations. For ETH, first look for range-bound action: after it surged to 2720, it also couldn’t hold the gains. The latest bearish candle saw increased volume and pulled back, but the key swing support around 2626 is still holding. For the rebound, first face the 2667—2673 area; don’t directly assume it’s back to strength. If the 4-hour chart breaks down below 2626, then the range outlook will be invalid.
$BTC $ETH
