Bitcoin Market Analysis

1. Trend Analysis

Main Trend: This is a very clear breakdown and downward trend. The price has been continuously declining from a high near 85,000, with minor rebounds along the way, but overall the highs and lows are progressively decreasing.
Key Break: The price first broke below the short-term white and purple moving averages, then directly pierced through the support zone below, reaching a low of 75,658, indicating a typical volume-driven sharp decline.
2. Key Signals

Moving Average System: The three moving averages (blue, white, purple) are all showing a downward turn, and the price is trading below all of them, indicating that short-term and medium-term bullish momentum has been dominated by bears.
Support and Rebound: After reaching the low of 75,658, the price experienced a small bullish candle rebound, currently finding short-term support around 78,700. This is a technical correction after a sharp decline, but a trend reversal cannot be confirmed yet.
Volume Characteristics: The decline was accompanied by long bearish candles, reflecting heavy selling pressure; during the rebound phase, the candlestick bodies are small, indicating that bullish strength remains relatively weak.
3. Future Projections

Short-term Focus: Pay close attention to the support strength in the 78,500-79,000 range. If the price can stabilize and break above the short-term moving averages, a rebound may occur; but if it falls below the 75,658 low again, a new downward space is likely to open.
Medium-term Strategy: Until the trend clearly reverses, it is recommended to stay on the sidelines or to short on rallies. Only when the price reclaims all moving averages and shows clear bottoming signals (such as double bottoms, bullish engulfing patterns, etc.) should long positions be considered.
Key Support Levels
First Support: 78,500-78,700 (current trading range, a short-term battleground after the sharp decline)
Second Support: 75,658 (recent low, breaking below would open a new downward space)
Extreme Support: 75,000 (psychological support at an integer level)
🎯 Key Resistance Levels

First Resistance: 79,500-80,000 (short-term moving average resistance, also a previous area of high trading density)
Second Resistance: 81,000-81,500 (lower boundary of the previous platform, breaking through would strengthen the rebound)
Third Resistance: 83,000-83,500 (medium-term moving average resistance, a key point for trend reversal)
📊 Moving Average Turning Point Observation

Purple short-term moving average: Currently turning downward; if the price rises above this MA and it flattens out, it signals a short-term shift to strength.
White medium-term moving average: Continues to suppress downward; monitor whether its slope slows down.
Blue long-term moving average: Still trending downward from a high level, indicating the medium-term trend has not yet reversed.
Ethereum Market Analysis

1. Trend Judgment

This is a stabilization rebound after a sharp unilateral decline. The price has been falling from a high near 28,500, reaching a low of 22,370, followed by a series of small bullish candles, currently consolidating around 24,450.
2. Key Signal Analysis

Moving Average Status: The purple short-term MA is still turning downward, but its slope has significantly slowed; the white medium-term MA and blue long-term MA continue to suppress downward, indicating the medium-term trend remains unturned.
Support and Resistance:
Support Levels: 24,000 (current consolidation lower boundary, also the first important support after the decline), 22,370 (recent low, breaking below would confirm a second bottom)
Resistance Levels: 25,000 (psychological level + short-term MA resistance), 26,000 (previous platform lower boundary, critical for continuation of the rebound)
Volume and Pattern: The decline was accompanied by long bearish candles, indicating ample selling pressure; during the rebound, candlestick bodies are small and mostly bullish, representing technical correction with bullish momentum still building.
3. Future Projections

Short-term Trend: If the price can hold above 24,000 and break through 25,000, the rebound may extend to around 26,000; if it falls below 24,000, it may retest the 22,370 low to confirm support.
Medium-term Strategy: Before the price effectively breaks above 25,000, it is advisable to hold light positions or stay cautious; if it breaks and stabilizes above 25,000, gradually increase positions, with stop-loss set below 22,370 to manage risk.
🎯 Key Support Levels
First Support: 24,000-24,200 (current consolidation lower boundary, core area of short-term bulls and bears)
Second Support: 22,370 (recent low, breaking below would confirm a second bottom and open new downward space)
Extreme Support: 22,000 (psychological level at an integer)
🎯 Key Resistance Levels

First Resistance: 24,800-25,000 (short-term MA resistance, also an integer level)
Second Resistance: 25,800-26,000 (previous platform lower boundary, key for continuation of rebound)
Third Resistance: 27,000-27,200 (medium-term MA resistance, an important marker for trend reversal)
📊 Moving Average Turning Point Observation

Purple short-term MA: Currently turning downward but slope is slowing; if the price rises above this MA and it flattens, it signals a short-term shift to strength.
White medium-term MA: Continues downward suppression; watch whether its slope changes from steep to easing.
Blue long-term MA: Still trending downward from a high level, indicating the medium-term bearish trend has not yet reversed.