The bearish outlook has always been online. After the price reached the key resistance level of 82,400 early in the morning and came under pressure, it quickly fell back to around 78,464, initiating a one-sided downward trend, with bearish forces dominating. Our strategy for Bitcoin has captured over 2,500 points of space. Ethereum is similar to Bitcoin. After reaching the high point of 1,640, it came under pressure and fell to around 1,470. Our strategy for Ethereum has captured nearly 100 points of space. Each layout was provided in advance; friends who have been following for a while should be aware that we have never been dismissive of hindsight. It’s only that when news comes, there may not be time to update—one reason is time constraints, and the other is being busy with notifications, which is understandable, as we need to prioritize ten charts.
Currently, at the daily level, the candlestick has formed a lower shadow bullish line, indicating that after intense bullish and bearish battles, the bulls temporarily hold the initiative. However, switching to the four-hour level, the overall candlestick shows a downward trend structure, but a low-position hammer line appeared at the end of the market, which is usually seen as a signal for a small-level market bottoming. Looking at the hourly level, there was a quick drop with a large bearish line, followed by alternating small bearish and bullish lines, resulting in a brief stalemate between bulls and bears. But right after that, a large bullish line surged up, forming a classic tower bottom pattern, which from a technical analysis perspective often indicates that a short-term bottom has formed, and the market is likely to welcome a price rebound in the future.
Bitcoin can be bought in the range of 80,500-81,000, with a target near 83,000.
Ethereum can be bought in the range of 1,500-1,550, with a target near 1,650.
