BrotherChenOnMarketAnalysis

The early trading saw a sharp decline and a bottom test, and currently the market has entered a phase of rebound with increased volume. Bitcoin has risen to around 74,800 and is facing some resistance, remaining oscillating around 74,500. As for Ethereum, the price retraced to around 2,250 and rebounded strongly; currently, it has recovered to near 2,290 and faces some resistance, but the overall rebound strength has been achieved, which aligns with our outlook.
Looking at the current market, the four-hour chart indicates a phased bottoming rebound. After retracing to the lower band, a correct

Bitcoin overall shows a "oscillating downward, breaking support and weakening" trend. Last night, the price gradually declined from around 76,200, repeatedly breaking through the 75,000 and 74,000 levels, accelerating downward during midnight, with the lowest touching around 73,700, hitting a near one-week low. In the early morning, the price rebounded slightly to around 73,800 for consolidation, but the rebound was weak and failed to recover the 74,000 level. The overall trend presents a one-sided decline, with the high points gradually moving down from 76,200 to below 74,000, and the lows co

This week, Bitcoin showed a trend of "initial suppression followed by rally and reaching new highs." On Monday, the price stabilized around 70,700 after fluctuations, starting to rebound gradually on Tuesday, breaking through 73,000 on Wednesday, accelerating upward on Thursday, and reaching a high of 78,300 on Friday, setting a new high for this round of rally. Over the weekend, it slightly retreated and is currently consolidating around 76,000. The weekly high-low difference exceeds 7,500 points, and the weekly chart is expected to close with a full-bodied bullish candlestick, completely eng

The overall weekend still shows a pattern of adjustment and bottoming out. Bitcoin surged to a high of 77,200 from yesterday's white session, then retraced and adjusted down to around 75,300. It’s a typical Friday high followed by weekend correction. Currently, after a further pullback, we are testing resistance levels and then focusing on support structures. Ethereum's movement is consistent with Bitcoin's, retracing and currently bottoming near 2,330, which is also close to the key support level we mentioned yesterday. Even in a strong market, adjustments are inevitable; a rise followed by a

The weekend market saw sluggish trading volume, but yesterday’s push to higher levels was not accompanied by a pullback. At this stage, the market is in a downward adjustment phase. Big Pie’s short-term pullback may still continue. For now, the key focus is whether there is a break near the middle band of the 4-hour chart, and whether that breakdown continuation can provide further follow-through. Going forward, continue to watch whether the market can send top-and-bottom signals over the weekend around 76,000 and 75,000. Bottom-fishing should wait until after the market adjustment is complete

The overall market trend has pulled back after reaching a high of around 78,300 in the early morning. The market's early movement was driven by both positive news pushing prices higher and a continued breakout structure that gave the bulls strong momentum, which is also a continuation of bullish strength. After a short-term pullback during the day, Bitcoin has now retreated to around 77,000 for consolidation, which is a typical strong pullback and consolidation pattern. Ethereum's movement is consistent with Bitcoin's, pulling back to the 2,400 level and facing resistance, with the low point o

The intraday Bitcoin chart shows a strong unilateral upward trend. After the price stabilized at a low of 73,873 in the early morning, it began to gain momentum, consecutively breaking through the 75,000, 76,000, and 77,000 levels. In the afternoon, it accelerated upward, reaching a high of around 78,300 in the evening, setting a new high for this round of rally. The entire upward process experienced almost no significant retracement, with the low points gradually rising from 73,873 to around 78,000, and the highs continuously hitting new records, indicating very strong bullish momentum. Ether

In the afternoon, after the market rebounded overall, it continued to push higher and then faced resistance around 76,300, pulling back under pressure. Currently, the spread has been adjusted downward to around 75,000 and has met some resistance, with the current spread staying in consolidation around the 75,500 level. As for Ethereum, its price action has been following the same pattern as Bitcoin: after a rebound attempt at 2,380 to probe a key resistance level, it pulled back. With the spread coming into a phase of adjustment and pullback, the adjustment around 2,335 met resistance and rebo

At present, the key support level on the four-hour chart is the middle band support. The intraday pullback does not break it. At the moment, for the downside suppression, pay attention to whether the 76,000 level around the “76000” line resistance breaks. During the daytime session, the long side should continue to push higher. As the market moves further up, it may further reclaim the 77,000 level. However, there may be some selling pressure at higher levels. Around 75,500, a light position can attempt to enter a short. The key resistance in the daily chart is the 120-day moving average at th

The trading pattern on the white board remains consistent with previous methods. Bitcoin is almost still hovering around yesterday's high levels, experiencing high-level oscillations. The oscillation range has shifted downward somewhat, with the lowest retracement reaching around 74,500, which has found support, but there has been no strong rebound from the bulls. As for Ethereum, it is showing a relatively weak trend, mainly moving in a downward oscillation from the morning’s 2360. The lowest retracement on the white board is around 2310, encountering resistance, and it is currently fluctuati

Reviewing the early morning market, Bitcoin generally experienced a slight pullback after a certain rebound, but did not further stabilize above the key support level. After a phased bottoming out and rebound, the bulls' volume increased for adjustment. During the closing phase of the US stock market, Bitcoin surged to the 75,500 integer level before facing resistance and falling back. Currently, it has not broken out of a further bearish pullback with increased volume; the second rebound confirms the top resistance, and it remains at a relatively weak point. As for Ethereum, its movement is b

Reviewing the intraday market, the overall structure during the daytime remains in a consolidation pattern with oscillations. Bitcoin stays around the high of 75,000, fluctuating within a narrow range. By midday, it only moved about 500 points in a narrow sideways consolidation. In the evening, a sharp decline driven by increased selling volume occurred. Bitcoin, following the US stock market’s gap-up, experienced a surge in selling volume and dropped. The price currently bottomed out around 73,200 and rebounded after encountering resistance, maintaining around 74,300 in consolidation. As for

Currently, the key support level for Bitcoin is at the 73,200 mark, which is also a critical resistance and the bottom of this upward trading range. In the short term, there is a certain rebound pattern, but we still need to pay attention to how strong the overall rebound is and whether it can continue to push above 75,000. Otherwise, it remains a clear downward wedge pattern with room for a pullback. A rebound to 74,200-74,500 could be considered for light positions to enter and watch for further movement.
As for Ethereum, with the market further pulling back and breaking below support, tonig

Market trends will never change direction because of anyone's bullish or bearish comments; ultimately, the market rewards those who understand the structure and see the trend clearly. Planning ahead, even in a weak formation, the trend has already emerged. Tonight, we provided a bearish outlook in advance, with Bitcoin rebounding near 74,900. Simultaneously, we entered short positions based on real-time strategies, and tonight's shorts again captured nearly 1,300 points of space, with ETH pocketing over 40 points.
Regarding the current market, the four-hour chart's recent dead cross divergence

The current market is still in a short-term rebound and consolidation phase. After the one-hour chart pulled back and touched the 74300 level, it stopped falling and rebounded. It is now in the stage of recovering with a golden cross. Overall, it is still in a phase of increasing volume. The Bollinger Bands are in a converging stage. The bulls’ recovery may still face some resistance. After consolidation at the high level, continue to follow through by holding short positions to look downward.
Keep focusing on the area around 75000 to look for short entries on a pullback. For the more aggressi

The intraday market continues to fluctuate and consolidate, with a bearish volume increase in the evening leading to a decline, breaking the previous high-range consolidation. Currently, the coin price has fallen back to around 74,300 for consolidation and may further extend to the 74,000 level. The market is in a normal correction phase, and attention should still be paid to the breakout situation after consolidation, continuing to wait for volume to pick up during the US session. Regarding Ethereum, it follows Bitcoin's pattern, breaking below the intraday white session's 2,360 range and dro

The overall market remains in a high-level consolidation during the daytime session and has not shown further continuation. Currently, the bears are increasing volume to retest, and during the daytime session, traders are advised to enter short positions around 75,000. Bitcoin currently has an unrealized profit of 600 points, and Ethereum has an unrealized profit of 30 points. For those who opened positions with heavier weight and are running short-term trades, consider closing or reducing positions. Light positions should continue to hold and watch the key support levels at 74,000-73,200. Eth

Bitcoin remains unchanged with no fluctuations, the important point is that the fluctuation range has shifted upward. The overall market range has been consolidating around 74,000 since yesterday, rising by 1,000 points to around 75,000 for consolidation, but the rally has not provided a substantial break, giving the bulls further continuation. Ethereum and Bitcoin's movements are basically the same; the market has been consolidating around 2,330 since yesterday, rising to around 2,360 for consolidation. Currently, both bullish and bearish conditions are still a bit premature. The key resistan

From the daily chart perspective of Ethereum, it remains oscillating near the upper band with high-level consolidation, with upward movement facing resistance. The high levels are synchronized with Bitcoin, paying attention to the pressure structure of the 120-day moving average for potential adjustments. Currently, indicators are still in a high-position consolidation, with signs of a potential turning point. The focus remains on whether a dead cross can form after the turn. In the short term, there is still a momentum of bullish recovery. The four-hour chart's KDJ indicator forming a golden

Early morning market remains in a bullish phase with periodic volume expansion. Bitcoin moved higher, currently recovering past the 75,000 level but faced resistance and pulled back. Overall, it is still in a consolidation process. Regarding the recovery, the overall correction strength is still relatively small. As for Ethereum, it tested resistance near 2,380 again in the early morning, but the market has not shown further attempts at recovery, currently oscillating around 2,350. The overall market still appears somewhat strong, with clear resistance levels at high and low points. The key in