7.24 Bitcoin Bear: The price of Bitcoin and Ethereum has fallen sharply late at night. Is it possible to hit the bottom and rebound?

CN
4 hours ago

BTC 1-Hour Cycle Market Objective Analysis


1. Bollinger Band and K-Line Structure

The current 1-hour Bollinger middle band is 65075.8, the current price is 65383.5, which is in the upper middle band range. The previous low of 64606 touched the Bollinger lower band before experiencing a rebound.
The overall trend is a low-level consolidation repair pattern following a significant drop. The Bollinger upper band at 65557.5 represents a key short-term strong resistance, and when the price rebounds to this range, it is likely to be pressured downwards.
The K-line low of 64606 forms a temporary support base, and during the rebound process, the bullish force is moderate, with no signs of a strong volume attack. This increase only represents a technical repair following a significant drop and does not reverse the broader weak structure.

2. Technical Indicators Signal Analysis

1. KDJ Indicator
After experiencing a reversal upward from the oversold zone at the bottom, the current K value is 74.3 and the D value is 77.5. The indicator has entered a high zone, and upward momentum is starting to slow down, with a probability of being pressured downwards and forming a death cross adjustment in the short term.

2. MACD Indicator
DIFF value is -22.1, DEA is -100.8, both lines remain below the zero axis, indicating that the bearish macro trend has not reversed; the green bars have completely disappeared, and the red bars have slightly increased, which only represents a short-term rebound repair and does not indicate a bullish trend restart.

3. Key Support and Resistance Levels

Short-Term Resistance Zone

1. First resistance: 65557 (Bollinger upper band, strong resistance for this rebound)

2. Mid-Term Resistance: 66000, previous consolidation box bottom, a breakout is needed to change the weak pattern.

Short-Term Support Zone

1. Nearest support: 65075 (Bollinger middle band, the starting point of this rebound)

2. Strong support: 64606, intra-day low point, once broken, a new round of declining market will start again.

4. Overall Market Characterization

This wave of increase is a technical rebound repair after a significant drop, not a reversal of the bullish market.
The large cycle downtrend structure has not changed; the indicators are only approaching the overbought zone temporarily, and the Bollinger upper band above has strong selling pressure. The rebound space is limited; after a high point is pressured, a drop again is more likely, do not misjudge the short-term repair rebound as a trend reversal.

ETH 1-Hour Market Complete Analysis


1. Bollinger Band and K-Line Structure

The 1-hour Bollinger middle band is 1882.69, the current price is 1891.55, slightly above the middle band. The previous sharp drop low of 1858.22 touched the Bollinger lower band before starting the rebound repair.
This round peaked at 1956.86 and subsequently weakened continuously; a large bearish candle broke through the entire Bollinger channel, then hit bottom and rebounded, overall representing a repair market after a significant drop. The Bollinger upper band at 1899.92 is a strong resistance in the short term, and the rebound space is strictly limited by the band.
The strength of the bullish candle during the rebound is moderate, with no significant reversal signal, which only represents a technical rebound after a drop; the overall large cycle downtrend structure has not been damaged.

2. Technical Indicator Analysis

1. KDJ: Continues to rise from a low oversold position, with a J value of 82.12 approaching the high overbought area, the short-term rebound momentum is about to deplete, necessitating a downward pressure return;

2. MACD: DIFF and DEA remain below the zero axis, the bearish trend in the large cycle remains unchanged, with only a slight red bar representing short-term repair and cannot determine a bullish reversal.

3. Key Levels

Resistance Range

1. Short-term first resistance: 1899.92 (Bollinger upper band)

2. Mid-term strong pressure: 1920–1956 previous consolidation platform and high points

Support Range

1. Short-term support: 1882.69 (Bollinger middle band)

2. Key bottom support: 1858.22, lowest point of this drop, if broken, a new round of downward movement will restart.

4. Overall Market Judgment

The current increase is merely a repair rebound after a deep drop, not a trend reversal.
The indicators are nearing overbought in the short term, with heavy resistance at the upper Bollinger band, and the rebound space is limited. After a brief repair, the market still has a possibility of dropping again to test lower levels; it is not suitable to blindly chase long positions.

Both Bitcoin and Ethereum are exhibiting a slight repair rebound after a drop, and many people mistakenly believe that a bottom has formed upon seeing a few red K-lines, rushing to buy at the bottom.
From the 1-hour cycle perspective, it can be clearly seen that this increase is merely a technical repair after hitting the bottom, with the MACD double lines still below the zero axis, and all KDJ indicators approaching the high overbought zone, with strong selling pressure at the upper Bollinger band.
The large-scale downward structure has not experienced any changes, and the short-term rebound space is very limited; the probability of being pressured downwards after a high is significant, do not be misled by a short-term small rebound and blindly bet against the trend.

Public Account - Bitcoin Big Bear X

(Note: 📣 Due to the limited timeliness and depth of information on open platforms, and the rapidly changing market, key turning points, precise operational strategies, sudden risk warnings, and other content need to be synchronized immediately on the public account. Here you can obtain: real-time strategy push, in-depth analysis support, interactive Q&A, and risk warnings and optimization suggestions tailored to individual holdings. 🚨 Remember: the market always rewards those who act faster and have more accurate information! Be a winner of the minority.)



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