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From the four-hour chart analysis, the current MACD indicator pattern is clearly bearish. The DIF and DEA moving averages are consistently below the zero line, indicating that the overall market is in a weak range dominated by bears.
The two lines continue to maintain a death cross and are further diverging, with the downward momentum continuously expanding. At the same time, the MACD green bearish histogram bars continue to increase in volume, with no clear signs of contraction or stabilization, and bearish power is still being released.
Based on the overall indicator structure, bulls have not formed effective counterattack momentum at this stage, and the overall large-level downtrend has not seen a substantial reversal. There is heavy selling pressure above, and downward pressure has not been lifted. The market is likely to continue a weak oscillating and declining rhythm.
BTC rebounded to around 60200-60800 go short, target 59200-57600
ETH rebounded to around 1590-1630 go short, target 1550-1480
$BTC $ETH