BTC Market Analysis
From the daily chart perspective, Bitcoin (BTC) is showing a pattern of three consecutive small green candles. However, this small amplitude and lack of strong momentum in the rebound trend align with the overall bearish market trend, likely setting the stage for a decline at the end of the month. Although the short-term trend remains focused on a rebound, it should be noted that the target range for this rebound is expected to be between 100,000 and 101,000.
From the 4-hour chart analysis, Bitcoin's price has been in a range-bound oscillation pattern between 95,800 and 98,300 recently. It's worth noting that yesterday's upward movement had more robust characteristics compared to before, lasting longer; therefore, its continuation may also be stronger, and this rebound is very likely to break through the upper resistance at 98,300.
In terms of intraday trading strategy, the focus should be on the support range of 96,800 - 95,800; if the price retraces to this level, consider positioning for a rebound long position. On the upside, closely monitor the pressure range of 98,800 - 99,800; if the price rises to this area, consider reducing positions or going short.
ETH Market Analysis
Ethereum (ETH) fell back after another attempt to break through the 2,790 level yesterday. Since the beginning of this week, there has been an emphasis on needing two small green candles on the weekly chart to repair the technical gap; currently, this slow and weak rebound pace aligns well with the current market situation.
From the daily chart perspective, Ethereum closed with a solid green candle yesterday and continued to rise in the early morning, currently in a retracement phase. However, from the overall daily trend judgment, there is still demand for further rebounds, with short-term rebound targets looking towards 2,900 and 3,050 points.
From the 4-hour chart analysis, a double top pattern has appeared, and after a day of rebound, a doji K line was formed, indicating that the market has begun to enter a retracement state, and further adjustments are still needed from the smaller time frames.
For intraday trading suggestions, pay close attention to the support at the 2,680 - 2,640 position; if the price retraces to this range, consider going long. On the upside, focus on the pressure at the 2,780 - 2,820 position; if the price rises to this range, consider reducing positions or going short.