BTC Trend



8H timeframe remains in a weak rebound structure after a downtrend
Price is still below EMA30, the bearish structure has not been broken
The current rebound is a technical correction after a decline, not a trend reversal
There are consecutive small-bodied K-lines above, with weak momentum and funds observing
MACD, the green bars are shortening but have not yet formed a golden cross → rebound slowing, confirmation pending
RSI, rebounding from oversold area to 35–40 range → weak rebound

Resistance 111,000 — 112,500 EMA30 upper band suppression, previous high resistance zone
Strong Resistance 115,500 structure reversal point
Support 108,000 recent oscillation bottom
Strong Support 105,500 breaking below = increased risk of accelerated decline

ETH Trend
Trend highly synchronized with BTC
Rebound strength slightly weaker than BTC
Also not breaking EMA30, still a weak correction within a downtrend
Currently still in the rebound phase of a downtrend, trend has not reversed
MACD, the shortening bars are synchronized but still a death cross structure
RSI, similarly weak rebound, not yet entering strong zone >50
In correction rebound, weak momentum, still leaning bearish

Resistance 3,950 — 4,050 EMA30 resistance level
Strong Resistance 4,250 structure reversal point
Support 3,800 important short-term support
Strong Support 3,600 breaking below = further weakening

Summary
Currently, BTC and ETH are in the confirmation stage of a weak rebound within a downtrend
Have not broken EMA30 and previous high points, rebounds are emotional recoveries rather than strong reversals
Short-term expected to oscillate and rebound → encounter resistance → test lower again for confirmation
Short-term directional expectation: oscillating with a slight upward correction
Mid-term expectation: if key resistances are not broken, a decline will likely resume
Follow rebound height and volume; if rebound lacks strength, there is a probability of testing lows again for whipsaw.
BTC-2.33%
ETH-4.74%
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GateUser-6e013c16vip
· 11-02 08:46
Take me along, experienced driver 📈
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