The white plate has rebounded as expected, but the range given is not large, fluctuating more than a thousand points up and down. Ethereum is relatively stronger, remaining around 2250 in a sideways movement. In the evening, after the US market opens, our strategy remains unchanged, focusing on rebound trading.
The current market shows a brief rebound, but the overall weak pattern persists. The bulls lack momentum and have failed to form effective and sustained upward movement. In the four-hour K-line chart, the rebound momentum continues to diminish, and the key resistance level of 102000 has not been effectively broken and stabilized. From a technical perspective, the bears dominate, and the Bollinger Bands indicator continues to open downwards, indicating that the downward trend is still ongoing. This rebound resembles a technical repair in a downward trend, laying the groundwork for a subsequent second bottoming out.
Operations:
$BTC Bitcoin fluctuates around 1018-1023, targeting a downside of 1003-1008.
$ETH Ethereum fluctuates around 2290-2320, targeting a downside of 2200-2235.