From a technical perspective, BTC's daily and 4-hour moving average systems have formed death crosses, and the price continues to trade between the middle and lower bands of the Bollinger Bands, indicating a clear bearish trend. On the hourly chart, the MACD histogram is shrinking, and the RSI is slowly recovering from the oversold zone, signaling a short-term weak rebound. However, during the rebound, trading volume remains sluggish, casting doubt on the sustainability of the rebound. Regarding key levels, support below is focused around 85,000, with a stronger support at 84,000, which is a recent dense trading zone; a break below could trigger a new downtrend. Resistance above is concentrated in the 87,500-88,000 range, with the 90,000 level acting as a strong resistance point, repeatedly causing rebounds and setbacks. The daily candlestick shows a long upper shadow bearish candle, combined with a slight bullish divergence in RSI, suggesting that downside momentum may be weakening, but not enough to reverse the trend.

ETH's technical performance is largely similar to BTC. Both the daily and 4-hour moving averages have formed downward death crosses, and the MACD indicates a slight increase in bearish momentum, with the bearish force not fully released. Although there are signs of correction on the hourly chart, the rebound momentum remains weak, making it difficult to break through key resistance levels. Key levels include 2780 as the first support, with 2700 as a strong support; resistance at 2900 is significant, and 3000 is an important previous neckline. Once broken, it has turned into a strong resistance. From a chart pattern perspective, since ETH fell back from 3000, there is a potential formation of a head and shoulders top, with the neckline at 2900. If the support at 2700 is broken effectively later, the downside target could be in the 2600-2700 range.

Regarding the future trend, the key turning points for both major coins depend on breaking through specific ranges. Bullish signals require: BTC volume breaking above 88,000 and stabilizing, ETH volume breaking above 2950 and stabilizing; bearish signals are: BTC volume breaking below 84,000, ETH volume breaking below 2700. Until these ranges are broken, the market is likely to remain in consolidation. $BTC $GT $ETH #市场触底了吗？