The market is currently completing bottom repair in a way of "hesitatingly pushing higher". Daily level is showing signs of rebound, with Bitcoin having already broken through the 4-hour pressure area, while Ether is also attempting to push upwards towards the key position on the 4-hour chart. Although there has been a pullback after a short-term rise, from the overall cycle structure, this round of rebound has not ended, and there is still the possibility of another upward attack.
The reason is that, although the 4-hour cycle is temporarily close to a phase top, the 6H, 8H, and 12H are still in an upward cycle, meaning that the mid-cycle bullish momentum has not been fully released. Currently, the market seems to be completing a chip swap through repeated fluctuations in a low liquidity environment.
It is particularly important to note that recent market liquidity has been significantly weak, so the pace of the rise will be very different from the past. The trend is no longer a stable push-up but is more prone to a structure of "sharp downward spikes followed by immediate surges", often completing a phase of rise within minutes, and then entering a sideways fluctuating state with up and down spikes again.
This kind of market is most likely to sweep back and forth emotional traders; the real key is not to chase the direction but to wait for confirmation signals from key support and pressure areas. The current market is still in a corrective phase, and the rhythm is more important than predictions.
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This article is originally published by 【Huiying Community】 and represents personal opinions only. Due to the delay in information transmission, the content is for reference only and does not constitute any investment advice. Please make rational judgments and operate carefully.
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