Bitcoin/Ethereum previously positioned above 74,800 and 2,345 with short positions, with room to move down toward around 73,400 and 2,300. Currently, the market has rebounded again aided by US-Iran negotiations, reaching a high of around 75,400 and 2,385 in the early morning. The highs are moving lower, and there is a trend of a second peak, indicating the market will likely surge higher and then fall back. The 4-hour candlestick chart shows the latest candle is a bearish candle with a lower shadow, closing near the lowest point, and the trading volume has decreased compared to the previous two candles, indicating short-term bullish momentum is weakening, and the bulls are losing strength.



On the daily chart, a large bearish candle with a long upper shadow appeared on the 14th, accompanied by high volume, showing strong selling pressure above 2,400. This matches the characteristics of sharp rises and falls with increased volume, suggesting the market may enter a correction phase, currently experiencing a rebound. Technical indicators show the DIF line remains above the DEA line, but the MACD histogram is decreasing in positive value, indicating bullish momentum is waning. The latest 4-hour candle volume has significantly shrunk compared to previous candles, suggesting short-term selling pressure may not be extremely strong, but combined with the heavy selling pressure on the daily chart, caution is needed for a potential pullback.
BTC1.25%
ETH1.43%
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