#以太坊行情解读 $BTC This wave of market行情 needs to be viewed from multiple angles.

On the daily chart, it closed with a small bullish candle yesterday, but this is not a good sign——the M-top above has already broken down, now it's just a rebound to the neckline, then continuing downward. The downward channel is clearly drawn, even if there was a rebound yesterday, the price still stays obediently within the channel, and the pattern hasn't changed.

On the 4-hour chart, the situation is even clearer. The middle Bollinger band is firmly pressing down the price, and the middle to lower bands form a standard downward channel range. As long as it doesn't break through the middle band, this downward pattern remains valid.

Structurally, a V-shaped reversal has been completed, but the problem is——the highest point at 88150 just happens to be at the bottom of the previous platform area, completing the support-resistance switch. Sounds impressive, but it basically just means no breakout has occurred.

In terms of indicators, there's some interesting divergence, each with its own explanation. The KDJ oversold area leans bearish, RSI's midline is oscillating, and the MACD is showing a bullish crossover below zero, indicating some bullish sentiment. The indicators are conflicting, which reflects the true market state.

In the 1-hour details, the price moved up to high 9 and high 13 at the top. According to the pattern, a high 9 at the top often accompanies a pullback, and if a high 13 appears, there's a high probability of a pullback as well. This is a subtle but important reverse signal.