Bitcoin Bear: Bitcoin drops below 60,000 again at 2.6, Ethereum falls by 20%. When will the market rebound, and where is the bottom? Latest ideas and market analysis

1. Overall Bitcoin Trend

This is a phase of rebound followed by consolidation and oscillation.
The price quickly rose from the low of 59909.0, breaking out of the downtrend.
Currently, it is trading sideways in the 65000~66500 range, with bulls and bears temporarily balanced.
2. Key Indicator Analysis

Bollinger Bands:
The current price is between the middle band (white line) and the upper band (blue line), indicating a short-term bullish bias.
The Bollinger Bands have narrowed after the previous rebound, suggesting decreased market volatility and a consolidation phase.
Support and Resistance:
Support below: the middle band (around 65000) and previous swing lows, key short-term support levels.
Resistance above: previous rebound high (around 66500) and the upper Bollinger Band, recent resistance levels.
K-line Pattern:
Recent candles show alternating small bullish and bearish candles, with no clear breakout signal.
This pattern usually indicates a market in the buildup stage before choosing a direction.
3. Future Market Projection

Breakout Upwards: If the price can hold above 66500 and break through the previous high with volume, a new upward wave is likely to begin, with the target extending toward the upper band.
Pullback Downwards: If it breaks below the middle band support (65000), it may test the lower trend support line (pink line). Watch the strength of support.
Consolidation Continues: Before a breakout, the price is likely to continue trading within the current range, relying on support and resistance levels for high-probability buy and sell opportunities.
🔹 Resistance Zone (66500~66700)
This is the previous rebound high and the resistance area of the upper Bollinger Band.
If the price breaks through with volume and stabilizes above 66500, go long, with the first target near 67000.
If volume is insufficient during the breakout, beware of false signals; wait for a pullback to confirm support before entering.
🔹 Core Consolidation Zone (65800~66500)

Currently, the price is oscillating within this range.
Near the upper boundary (66500), consider a small short position; near the lower boundary (65800), consider a small long position.
This phase favors quick in-and-out trades; avoid heavy positions. Once the price breaks the range, set stop-loss or take-profit promptly.
🔹 Support Zone (65000~65200)

This is the dual support of the middle Bollinger Band and previous swing lows.
If the price retraces to this zone and finds support, consider a low-buy; set stop-loss below 64800 for safety.
If it effectively breaks below 65000, the short-term trend may weaken, and it’s advisable to exit and observe, waiting for the next support level (pink trend line) feedback.
1. Ethereum Overall Trend

After bottoming at 1740.0, the price experienced a rapid rebound, then entered a high-level consolidation phase. Currently, the price fluctuates within 1880~1960, with bulls and bears temporarily balanced.
2. Key Indicator Analysis

Bollinger Bands: The price is near the middle band (white line), with the upper band (blue line) around 1960 exerting resistance, and the lower band (pink line) near 1860 providing support. The Bollinger Bands have narrowed, indicating decreasing market volatility.
Support and Resistance:
Upper Resistance: The previous high around 1960 is a strong resistance and also the upper Bollinger Band’s pressure zone.
Lower Support: The middle band (around 1900) and previous swing lows at 1880 are key supports; further down is the pink trend line (around 1860).
K-line Pattern: Recent candles show small bullish and bearish candles alternating, with reduced amplitude, typical of a consolidation phase, indicating market waiting for a direction.
3. Future Market Projection

Breakout Upwards: If the price breaks above 1960 with volume, a new upward space is likely to open, go long, with targets toward the upper band extension.
Pullback Downwards: If it falls below 1900 support, it may test 1880 and even 1860 supports. If 1860 is lost, the short-term trend may weaken.
Continued Consolidation: Before a clear direction, the price is likely to continue within the current range, using support and resistance for quick trades; watch for fast entries and exits.
🔹 Resistance Zone (1950~1960)
This is the previous rebound high and the resistance of the upper Bollinger Band, a key short-term bull-bear dividing line.
If volume breaks through and stabilizes above 1960, go long, with the first target around 1980~2000.
If volume is insufficient during the breakout, beware of false signals; wait for a pullback to confirm support before entering.
🔹 Core Consolidation Zone (1900~1950)

Currently, the price is consolidating within this range.
Near the upper boundary (1950), consider a small short; near the lower boundary (1900), consider a small long.
This phase favors quick trades; avoid heavy positions. Once the price breaks the range, set stop-loss or take-profit promptly.
🔹 Support Zone (1860~1900)

1900 is the support of the middle Bollinger Band, and 1860 is the dual support of the pink trend line and previous lows, an important short-term defensive position.
If the price retraces to around 1900 and finds support, consider a low-buy, with stop-loss below 1880 for safety.
If it effectively breaks below 1860, the short-term trend may weaken, and it’s advisable to exit and observe, waiting for the next support feedback.

Note: 📣 Due to the limited timeliness and depth of information on public platforms, markets are constantly changing. The above content reflects personal opinions and does not constitute any investment advice.