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In the current nighttime trend, Bitcoin has gradually recovered after pulling back to around 65,500, with a high near 66,400. However, after the upward attempt, there was no sustained volume breakout, and the market has returned to consolidating around 66,100. Overall, it remains a typical oscillating and repetitive rhythm. Ethereum also stopped falling around 1,973 and rebounded. It repeatedly approached above 1,990 but never formed a true breakout. Currently, it is fluctuating around 1,987. It’s clear that from early morning until now, both Bitcoin and Ethereum have shown rebounds, but the strength is more about short-term correction rather than trend continuation. Those who can keep up with the rhythm and understand the market cycles can still secure gains in this choppy market. Opportunities are never lacking; what’s missing is the confidence to execute after understanding the rhythm.
From the current market structure, Bitcoin on the 1-hour chart remains in a high-level consolidation after the rebound. Although it has returned near the moving averages in the short term, the area above 66,500 still acts as a significant resistance zone formed during this rebound. Multiple attempts to break through have not expanded the space, indicating selling pressure remains above. Especially after the short-term momentum has been released, MACD has started to turn and recover, but volume has not increased accordingly. Under these conditions, a rebound followed by a decline is more likely. Therefore, the strategy remains to short high on rebounds. Focus on the second decline after a rebound faces resistance. Watch whether 66,000 can hold; if it breaks below, further retesting around 65,500 is expected. Ethereum’s structure is similar: it has not established a solid footing above 1,990, indicating limited short-term buying interest. The immediate support is around 1,970. If this level is broken, the downside space will open further. Therefore, the plan remains to avoid chasing longs and continue focusing on shorting rebounds.