The daily level of Bitcoin is still in a narrow range of fluctuations, and the fluctuation space is further compressed. The 4-hour chart shows that it is currently in a double bottom structure, and the MACD indicator has formed a bottom divergence. We all know the time period of divergence, but the pressure from 26000 to 26200 in space is indeed very obvious. It has been attacked twice in a row and has not risen.
The box oscillation is very obvious on the 1-hour chart. Now it has stabilized at the key point of 26,000. Whether it can break through further remains to be seen. If the adjustment here ends and stands above 26,000 in the 15-minute structure, the rebound here will reach around 26,750 points above.
Ethereum's daily trend is weak, and it has stabilized and rebounded again in the key area of 1735-1740. It is still difficult to determine whether it can further strengthen. The 4-hour structure is still back to the left box, and the upper pressure of 1760 is particularly obvious. From the 1-hour chart, it is still a small fluctuation in the narrow range between 1740 and 1745. Due to the relatively weak strength, it is not ruled out that it will fall back to the low support near 1720. 15 minutes is the most critical structure. If the MACD is supported by the zero axis after adjustment, the market will hit 1760 again. If it cannot stabilize, Ethereum will weaken completely.
Therefore, from a strategic point of view, Ethereum still needs to wait and it is not recommended to enter the market in a hurry.