Yesterday, after the spike to 58946, there was a rebound back to 60355. An internal reminder indicated a false breakdown, and it was a good entry point. After that, there was a breakout of the 1-hour and 4-hour downtrend channel, prompting an increase in positions. In the afternoon, a reminder about the 6-hour MACD bottom divergence suggested a potential rebound to around 63000, with a peak reaching 63417. This wave also captured around 3000 points; congratulations to those who got on board.
Ethereum rebounded by 140 points yesterday, reaching a high of 2471. The 4-hour downtrend line saw some breakthrough, but there is still pressure below, so we will first look for the strength of a rebound after a pullback.
Bitcoin
The daily chart for Bitcoin has formed a W bottom, but it is still under pressure below the neckline. The daily level is forming a new converging triangle, with the time for a breakout shortening. The 12-hour MACD shows a bottom divergence; we will see if it can continue to the daily level.
On the 4-hour level, there is a bat pattern pointing to 65700, provided it breaks the W neckline at 64478. Support is at 61600—62300, and we should pay attention to rebound opportunities in the 61300—61600 range.
Support: Pressure:
Ethereum
The daily chart for Ethereum has formed a morning star, which is a bullish signal. The bottom is continuously rising, forming a converging triangle structure. In the short term, we expect a rebound, but the daily level still needs to oscillate within the converging triangle.
On the 4-hour level, there has been a breakthrough of the downtrend line, but there has not been an acceleration. It is recommended to gradually accumulate positions if the price line pulls back. For now, it seems we still need to consolidate or even dip before a rapid rise.
Support: Pressure:
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