The three major US stock indexes all closed higher, with the Dow Jones up 1.08%, the S&P 500 up 0.98%, and the Nasdaq Composite up 0.88%. Major tech stocks saw mixed performance. Although the current cryptocurrency market is continuing its rebound and recovery trend, the market order disrupted by previous downward breakouts has not yet been fully restored. The tug-of-war between bulls and bears is particularly intense, directly leading to repeated switches in trends within a range, with the overall market showing characteristics of consolidation and oscillation. In this competitive landscape, the market lacks clear unidirectional trend guidance, and investor sentiment is a mix of recovery and caution.

Bitcoin is consolidating within the 83,000-85,500 range, with bulls and bears achieving a temporary balance in this zone. On the four-hour chart, there is a three-candle consecutive bullish rebound pattern, which clearly demonstrates short-term rebound momentum. However, it is important to be cautious, as the market panic triggered by previous downward breakouts has not completely dissipated, directly resulting in insufficient sustained upward momentum. Reflected in the candlestick patterns, frequent upper and lower shadows during the rebound process indicate both the bulls’ attempts to push higher and the strong resistance above. The efficiency of resistance suppression is prominent, significantly limiting the rebound height. On the hourly chart, price fluctuations are even more tangled, with prices repeatedly swinging around the middle band of the Bollinger Bands and alternating bullish and bearish candles. Notably, bullish attempts appear weak with little sustained upward movement, while bearish candles quickly erode previous gains, indicating that the bearish trend is gradually gaining dominance and short-term downside risks merit close attention.

Ethereum, on the other hand, is trading in a narrow range between 2,670 and 2,800, with limited volatility. The short-term rebound is insufficient to change the trend. Yesterday's rebound high faces resistance near 2,900, coinciding with the 4-hour 30-period moving average. As the price temporarily stabilized after yesterday’s rebound, there is a chance today of first testing resistance before facing renewed downward pressure. In the early session, as long as the price holds below the resistance level, continuing to favor short positions on rebounds is recommended. Although the overall trend structure suggests otherwise, considering the historical performance of weekend trading, the market will most likely maintain a choppy, sideways pattern. The clearly defined range boundaries now provide key references for trading decisions.