The Bitcoin short-term rebound is hard to change the weakness! Caution is needed for long positions due to the risk of being shaken out.
After Bitcoin broke below 11100 and Ethereum dipped to 4070, there has been a rebound, but the overall weakness remains unchanged—recent declines have been strong, and rebounds are mostly slight adjustments, with a high probability of continued deep shakeouts.
For investors planning to go long, operations can be conducted but must be cautious, with key points of reference as follows:
• Ethereum: The upper resistance level is at 4178, and after reaching this point, a significant pullback is likely; the lower support level to watch is the 4065-4045 range.
• Bitcoin: The upper resistance level is at 11300; the lower support level to pay attention to is around 11079. $BTC