Early this morning, the market experienced a clear bottoming and rebound. The price of BTC initially dipped and found support around 84011, stopping the fall, and then started to rebound. So far, it has reached a high of 86817. The movement of Ether is highly correlated with BTC, showing an almost identical rhythm. After dipping to 2718 early in the morning, the price stabilized and subsequently followed BTC, rebounding to a high of 2812.
From the four-hour level, although the price has shown two consecutive bullish rebounds, attempting to test the resistance upwards, the upper and middle band

In summary of the evening market, the subsequent rebound is bearish. The current market is still in a typical weak downward channel, and the core trading strategy remains to short with the trend. Before a clear reversal signal appears in the downtrend, betting against the trend for a rebound carries significant risks, and adhering to the trend is a relatively safe and effective strategy. Pay attention to the pressure performance near key resistance levels; if the rebound lacks strength, continue to follow opportunities to intervene at higher prices, and be sure to control your position and set

Midday Review As the panic sentiment spread in the morning, it began to rebound after falling to around 85500, the reason being that the Bank of Japan is going to raise interest rates, with the news released just after 7 am, almost 8 am. The Japanese/US dollar and the crypto world both immediately experienced a flash crash, exactly matching the timing. Moreover, this is indeed a long-term unfavourable information, another pump providing liquidity to the market, which does not prevent flooding, but rather extracts water. Now we have to hope that the US puts pressure on Japan to make it stop.
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