BTC and ETH started to rebound at night under the stimulus of Trump's EU tariff delay news. BTC is relatively strong, likely consolidating above the middle track of the daily chart, while ETH shows a slight rebound to entice longs, checking if it can stabilize above 2600;
The strength of ETH's rebound is far from that during the decline, with the main players still on the sidelines. The 4-hour chart shows a weak rebound, and SKDJ is approaching the overbought zone. We will see if it can stabilize at the middle track of 2560; the next 4 hours are crucial;
The previously mentioned downtrend in three waves on the daily chart has not been broken. A rebound was triggered by news, and we will see if SKDJ can cross golden in the next couple of days. If SKDJ crosses golden and stabilizes above 2600, we will look at the possibility of a trend change; if it continues to decline in three waves, we will first need to break the middle track of 2480 before accelerating;
If the daily chart sees a three-wave corrective decline, the larger trend may see an M-top that could pierce through, meaning that after piercing below 2312, the trend of three-wave decline would be completed;
On the weekly chart, there is a higher probability of a downward continuation before going up, which would require breaking last week's low of 2346.99. If combined with breaking the low of 2312 on the daily chart, it would complete the trend, and the piercing could directly break below 2312 to complete all trends;
ETH can place orders in the range of 2312-2300 for the initial position, checking how deep the piercing goes before adding more;
