Gu Jingci: Bitcoin/Ethereum rebounded from extreme support levels in the early morning

Yesterday, multiple reminders of pullback longs for Bitcoin/Ethereum, adding positions at 66,800 and 1,940. In the early morning, the price dropped to around 65,600 and 1,908 before rebounding and rising. Currently, the highest reached around 68,000 and 2,013. The overall space for longs can be seen clearly, and the previously mentioned support levels at 65,500 and 1,880 to 1,900 have been validated. On the candlestick chart, the 4-hour timeframe shows that after the price found support near 65,500 and 1,900, it experienced a strong rebound with large volume but was then met with selling pressure, forming a long upper shadow. The most recent 4-hour candlestick is a small-bodied doji star with significantly reduced volume, indicating weakening rebound momentum and that the market is entering a short-term consolidation or hesitation phase.

The daily candlestick has a long upper shadow, indicating strong resistance above. On the technical indicators, the 4-hour MACD has formed a golden cross below the zero line, with DIF and DEA moving upward, and the MACD histogram turning positive, suggesting that short-term downward momentum is weakening and a rebound signal is emerging. However, DIF and DEA are still below the zero line, and the medium- to long-term trend remains bearish. Recent declines and rebounds have been accompanied by relatively high trading volume, showing high market activity, but the daily volume is lower than the previous days' decline volume, so the rebound momentum needs further observation.

Currently, the market is near a critical point, paying attention to key resistance and support levels. Daily analysis and strategies have a high success rate, which can be observed. Please note that the analysis and strategies are for reference only, and risks are to be borne by yourself. The article's review and publication do not guarantee timeliness; please refer to real-time data! #Gate2月透明度报告 #国际油价突破100美元 #比特币重回跌势