Cryptocurrency Market Weekly Assessment: Signs of Bottom Formation, Short-term Long Positions Need Timing
BTC weekly MACD volume continues to contract, and the market is gradually entering a significant bottoming phase. On the daily level, despite the release of bearish forces, the price has reversed against the trend, forming a golden cross divergence pattern, which indicates that the short-term trend is likely to complete its bottoming and turn bullish.
From the wave structure perspective, the current trend aligns more closely with the logic of a fourth wave rebound; the previous sequence has completed the rhythm of "first wave down - second wave rebound - third wave sell-off," and next, we need to closely monitor the breakout situation of the rebound target range.
ETH's trend shows a strong correlation with BTC; the weekly chart also records a contraction feature, and the daily pattern is also infinitely approaching a golden cross divergence. As long as the subsequent daily chart can continue to show positive closing, the W-bottom formation will be declared complete, and the rebound height is expected to challenge higher levels.
Comprehensive Assessment: The overall market sentiment is gradually becoming bullish, but it is not advisable to blindly place orders. The intraday high point has not yet been clarified, and long strategies should rely on the 15-minute tunnel indicators or short-term pattern signals to time the entry, avoiding chasing price increases.
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