$BTC 7.6 Sunday Early Morning Bitcoin and Ethereum Latest Market Analysis and Ideas

The fluctuations in the cryptocurrency market are anything but coincidental; they are a meticulously orchestrated script. Each sharp price correction reshapes the market's valuation system. When market sentiment shifts from euphoria to panic, it is often the moment when quality assets are undervalued. This 'washout' mechanism, like a great wave washing away sand, breaks the speculative bubbles one by one, freeing up upward space for truly valuable projects. Smart investors know to lie low during market adjustments, waiting for the tide to rise again and ride the coattails of value return.

On the daily chart, prices have been oscillating around 108,000 recently. After a significant decline, there has been a slight rebound, but the strength is clearly insufficient, and the MACD is still in a death cross state, with an overall bearish pattern. On the hourly chart: the current trend shows a high-level pullback, with the closing price gradually approaching previous low areas, which may test the lower support in the short term. The MACD hourly DIF and DEA have crossed below the zero axis, indicating a significant bearish trend; however, the green bars are shortening, showing that the downward momentum is weakening.

Comprehensive technical indicators show that the current market is dominated by bears, with a medium-term downward trend. Although there are signs of weakening downward momentum in the short term, the rebound is weak and there is significant resistance above. For short-term operations, it is recommended to focus on shorting during rebounds.