BTC dipped to an intraday low of 108,627 before recovering and then rebounding. It then rose to a high of around 110,250 before falling back under pressure, maintaining an overall volatile pattern.
Ethereum performed even more strongly, finding support at the intraday low of 3,874 before continuing its upward trend, reaching a high of 4,066.
From a four-hour chart, the current market exhibits typical characteristics of a weak rebound, with continued weak momentum and overall pressure still constrained by the middle band of the descending channel.
Despite some signs of stabilization, insufficient buying power has prevented the price from effectively breaking through the key resistance area. Technically, the current downward trend remains intact, and the bearish trend remains intact.
Trading Strategy: Maintain a focus on rebounding to higher levels, focusing on whether the price shows signs of pressure at the upper band of the channel.
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