BTC and ETH bottomed out and started to rebound the day before yesterday, forming a V-shaped recovery in the 4-hour chart. Currently, the pullback is mostly sideways instead of downward, and the strength remains strong. It is best to look bearish but not short, waiting for a bottom rebound;
BTC closed above the middle track of 105500 in the daily line this morning, starting to strengthen. The daily line is about to break the downward trend and may accelerate. MACD is also about to form a golden cross. In the next couple of days, a large bullish candlestick may appear, with more to come; the 4-hour upward wave has only completed the first wave, and the second wave pullback may at most test the 4-hour middle track. For now, focus on the major trend rebound;
ETH has pulled back deeper relative to BTC, previously consolidating horizontally for 40 days. After breaking down and then pulling back to stand at the upper and lower bounds, the bulls have been cleared out, and it may rebound strongly later. Currently, the 4-hour chart is strong, with sideways action instead of a drop. Focus on the 4-hour upward third wave rebound; once it stabilizes above the daily middle track of 2530, the probability of acceleration increases. The second wave may test the lower bound of the central range at 2380-2400 or the extreme 4-hour middle track at 2350 before starting to accelerate upwards;
Currently, both BTC and ETH are moving in the 4-hour rebound with 3-5 waves. The strength of the V rebound is strong, and for the small trend, it is best to look bearish but not short, focusing on stabilizing and waiting for a bottoming opportunity; pay attention to the important support levels below: 103500-105500 and 2350-2400, as well as the potential for acceleration after standing above the daily middle track;
