Bitcoin's daily chart has pulled back to the MA120. The bull-bear boundary. Ether has pulled back near the weekly MA5 and MA20. For now, neither Bitcoin nor Ether has broken below these support levels.

The U.S. stock market is fluctuating at high levels.

Currently, the weekly Bitcoin pattern is too poor. It cannot be adjusted just by one or two candlesticks. Therefore, after a rebound, it will further decline.

The current rebound should be about over. It’s a good time to look for opportunities to short.

In summary, the overall outlook remains bearish. After the rebound, the downtrend is expected to continue.