BTC pullback confirmation, ETH correction begins? The market has entered a crucial short-term phase

Recently, the crypto market has shown significant differentiation:

After Bitcoin's high-level consolidation, it has pulled back, while Ethereum quickly plunged after failing to break around 1980, causing the short-term market sentiment to cool down.

BTC: Inverted head and shoulders pattern formed, support is crucial

From the four-hour structure of Bitcoin, after a prior surge to the 66500–66900 area, it faced pressure and pulled back. The current trend forms a structure similar to an “inverted head and shoulders”:

Left shoulder: 64500–65500 area
Head: 66500–66900 area
Right shoulder: around 65500

However, the top cannot be fully confirmed yet, as the true deciding factor is the neck support.

Key focus:

Around 63800: First short-term support
Around 62800: Key neck line for the inverted head and shoulders
Around 61600: Trend defense position

If 62800 is breached, the inverted head and shoulders pattern completes, and the market may further seek the 60000–61000 area.

But if BTC stabilizes above 65500, there is still a chance to test 66500 or even 67000 again.

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ETH: Surge and pullback, short-term pressure release

The four-hour trend of Ethereum is more evident.

Previously, ETH failed to break around 1980, followed by a series of bearish candles pulling back, currently pricing near 1870.

From a technical perspective:

MACD has turned down from a high position, the red bars are shrinking, and short-term momentum is beginning to diminish.

Currently focusing on:

Around 1850: First support area

This is also the position where there has been multiple oscillations previously; if it holds, ETH still has the chance to rebound and challenge:

1900–1920
1950–1980

But if 1850 is lost, further observation is needed:

Support in the 1800–1820 area.

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Market logic: BTC determines direction, ETH amplifies fluctuations

Currently, the market is not simply in a downward trend, but rather looks more like a technical correction after a high rise.

BTC, as the market's core, if it can hold the 63800–62800 area, the overall upward structure has not been completely damaged.

And ETHe, due to its rapid previous rise, has more sensitive capital sentiment, leading to more pronounced pullbacks.

The next key focus:

Can BTC hold 62800
Can ETH hold 1850

In the short term:

If BTC does not break the key support, the pullback is more of an opportunity; if ETH's decline expands, it needs to wait for sentiment to release.

The market will never rise straight up nor decline unidirectionally.

Real opportunities often arise at the most hesitant moments in the market.

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