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#ETH Bitcoin began to rebound after two falls testing the support level in the morning, with the price of the token reaching a peak of 77900 before retreating during the day. Now let’s take a look at Ethereum, which also started to rebound after hitting a low of 1406 during the day, currently testing the high of 1495 before falling back. In terms of short-term patterns, long positions still have the strength to rebound, but trend changes do not happen overnight. The impact of tariff policies has not fully dissipated; although a double bottom pattern has provided an opportunity for a rebound in the short term, the larger trend remains in a bearish structure. In the evening, pay attention to the market sentiment after the opening of the US stock market; the short-term trend is still in a typical bearish trend channel, and the rebound has been canceled, with no strong support confirmation yet. At the same time, the MA system and candlestick structure create dual pressure, further exacerbating the difficulty of moving upward, and the bearish outlook remains unchanged overnight.
#Market Analysis: Buy the Dip or Wait? #Risk Strategies in Downtrend #Upcoming CPI & PPI Data Releases