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Weekly Analysis of the Crypto Market: Bottoming Signals Emerge, Short-term Go Long Needs to Choose Timing
The BTC weekly MACD volume continues to shrink, and the market is gradually entering a major bottoming stage. On the daily level, despite the continued release of bearish forces, the price has risen against the trend, forming a golden cross divergence pattern. This signal indicates that the short-term trend is likely to complete the bottoming process and turn stronger.
From the perspective of wave structure, the current trend is more in line with the logic of a fourth wave rebound. The previous phase has completed the rhythm of "first wave down - second wave rebound - third wave crash," and the focus next should be on monitoring the breakout situation of the rebound target range.
The ETH trend shows a strong correlation with BTC, with the weekly chart also recording a contraction in volume. The daily chart pattern is also approaching a golden cross divergence. As long as the daily chart can continue to close positively, the W-bottom formation will be declared complete, and the rebound height is expected to challenge higher levels.
Comprehensive Judgment: The overall market atmosphere is gradually leaning towards bullish, but it is not advisable to blindly place orders. The intraday high has not yet been clearly defined, and the go long strategy should rely on the 15-minute level tunnel indicators or short-term pattern signals to choose the right time to enter, and it is important to avoid chasing prices.