Short-term rebound continues, with an upward range still present intraday. Waiting for a bottom to form and then continue to wait for a breakthrough!

Yesterday's cryptocurrency also experienced a short-term rebound, but the overall market movement was only a short-term range. The resistance above is still relatively strong. However, the short-term rebound is still within the expected range. As for today's market, the morning daily chart closed with a large bullish candlestick, and the upper K-line approached the resistance near the MA20. The short-term market has entered a period of consolidation, as it is gradually breaking through. If the short-term pressure does not increase, there may be a small retracement intraday. However, overall, it is still possible to continue to look for a bullish rebound. The support below intraday is around 26900-26700. The short-term market will continue to consolidate for now, or after a retracement and a round of support, it can continue to look for the strength of a bullish rebound. The resistance above is at 27500-27800. The intraday market is still waiting for support absorption before continuing to look for a breakthrough!

The situation for Ethereum is similar. The morning market closed with a bullish candlestick, but it was a small one, not a large one, because this round of retracement did not cause much of a decline for Ethereum overall. It is just a period of consolidation. Currently, Ethereum has also risen above the daily support of MA5, and the upper resistance is gradually being overcome. The current chart indicators are also in a low-level upward state, so there is no problem with continuing to look for a bullish trend in the short term. Intraday, it is still possible to continue to look for upward momentum. The resistance above is at 1610-1600. If the upper resistance cannot be broken, then it will continue to consolidate. The intraday support is at 1550-1540. The short-term consolidation can reach the support below, and then continue to look for a bullish trend, as the daily market has already retraced to the support below. For the subsequent market trend, it can be based on the support situation to look for a bullish breakthrough!

(Due to the impact of timeliness, the article is recommended for reference only)

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