Yesterday's article has already given the definition of the upward breakthrough as a rebound rather than a reversal, which can also be understood as an oversold rebound after a long-term decline. From the strength of the rebound, it can be seen that the bullish momentum is not yet sufficient to reverse the trend.

From a structural perspective, both BTC and ETH have experienced a period of upward rebound on the 4-hour chart. Therefore, in the medium and short term, it is crucial to focus on when this upward rebound will end. As mentioned in yesterday's article, the end of this period presents an opportunity for medium to long-term reduction of positions, and there will be a 4-hour downward segment to continue seeking the bottom. Whether the upward segment ends is determined by the trend type of the corresponding 30-minute level on the 4-hour chart.

First, let's look at the 30-minute chart of Bitcoin. In the market analysis from yesterday's article, the price has moved upward and left the internal segment, forming two pens and showing a rising trend divergence. There is a high probability of a 30-minute downward retracement segment, so short-term rebounds should focus on reducing positions. Short-term operations should mainly focus on the oscillation of the 30-minute center, using the center oscillation strategy to cope with it.

Next, let's look at the 30-minute chart of Ethereum. The trend of Ethereum is somewhat different from Bitcoin. Ethereum's downward retracement is caused by a small-to-large transition and the ongoing downward retracement has entered the center. Therefore, there is a probability that it will return below the center. Hence, for short-term rebounds, reducing positions should be the focus if it is above the center, and buying opportunities on the sub-level can be used to make up for the positions.

The above analysis is for reference only and does not constitute any investment advice!

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