BTC and ETH rebounds are both suppressed by the lower edge of the 4-hour level center, and it seems that the strong rebound is not sustainable at the moment. Both long and short sides are once again caught in a oscillating game.

Looking at the 4-hour level structure of Bitcoin and Ethereum, the current pattern shows a dominant bearish trend with continuously decreasing high points and low points. This kind of trend has a major characteristic, which is that in most cases, it will go through a long downward phase, then rebound and continue to explore the bottom. The probability of this kind of trend appearing is not small at the moment. The overall trading strategy should still be cautious. It is not recommended to be completely empty or fully loaded. It is important to maintain a flexible position to deal with the complex and changeable trends.

Looking at the 4-hour chart, the overall structure is as mentioned at the beginning of the article, with the bearish trend being the dominant force in the market during this period. The current 4-hour upward line segment, if it cannot break through the previous high point of 3357, will not be able to reverse the trend of continuously decreasing high points, and 2817 is probably not the bottom.

Looking at the hourly chart, after breaking the new low, there was a rebound to the upper edge of the center, and within the line segment, there were two pens showing a rising trend divergence. Therefore, it is highly likely that there will be a 1-hour downward phase of correction. Whether this correction breaks the new low is crucial. If a second buy signal appears, the 4-hour upward rebound will continue to push higher.

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