The weekly candlestick for Bitcoin shows a doji pattern, indicating that the rebound strength remains weak. The daily chart has rebounded for a week but still hasn't effectively reclaimed the MA200, and is also being suppressed by the MA20, suggesting a narrow range of fluctuations in the short term. Attention should be paid to the possibility of forming a triple bottom before any rebound.

Ethereum's weekly chart has completely broken below the 2100 support level from the previous platform. Currently, the rebound strength is even weaker, while some altcoins are showing relatively good rebounds.

The three major U.S. stock indices have touched the MA60 on the weekly chart and have rebounded. We will first observe whether this rebound will test the previous upward trend before continuing to decline.

Bitcoin

Previously, it was thought that the head and shoulders bottom pattern had a chance to break upward, but the last three rebounds have still not broken through the 0.382 level. The daily chart is rebounding below the MA200, so attention should be paid to the breakout situation of the 4-hour converging triangle.

Support:

Resistance:

Ethereum

The weekly chart has broken below the 2100 support level and the rebound has not been reclaimed, so the risk of further decline remains. The recent rebound is too weak, so we still need to see if the U.S. market's rebound will be strong.

In the altcoin sector: Cake and BAKE are leading the gains, with the BNB chain experiencing a general rise.

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This article is time-sensitive and for reference only, with real-time updates.

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