Let's talk about the market. Last time I estimated that Bitcoin would retrace to around 104 and then consolidate for a thousand or two before rallying. I didn't expect it to quickly rise with a V shape, and indeed, combined with the news, it broke through the upper resistance of the descending channel. However, the downside is that such a trend will definitely be dangerous upon subsequent pullbacks. Yesterday at 12, the four-hour closing was a bearish candlestick, which indicates a downturn ahead. If it rebounds a bit, there’s no problem for the bears to enter and gamble on a false breakout.
Now let's talk about Ethereum. The daily chart pattern is quite similar to last year's trend, so the probability of a decline in the future will also increase. The short-term target is around 2455. Currently, there are no rebound buying ideas, just hold onto the short positions.
The second chart is last year's trend chart, and the third is today's trend.
