#加密市场观察 Technical analysis shows that after several days of decline, the two major mainstream cryptocurrencies have both exhibited oversold correction signals.

The daily chart indicates that although prices have rebounded, bearish forces still dominate. The RSI indicator shows signs of turning in the oversold area, suggesting short-term selling pressure is easing. However, the MACD indicator remains in a bearish expansion state, indicating that the downward trend has not been fully reversed.
Bitcoin is currently in a fierce battle between bulls and bears around the $70,000 level. The four-hour MACD shows signs of a bullish reversal from bearish momentum, hinting at short-term rebound potential.
Key support levels are seen in the $66,000–$67,000 range. If this area is broken, the price could further decline to $63,000. On the upside, the $72,000 level acts as a short-term resistance. A breakout above this level could target the $75,000 mark.
Ethereum’s technical pattern is similar to Bitcoin’s. The daily MACD indicates weakening bearish momentum, while the four-hour bullish volume suggests short-term rebound potential. The $2000–$1950 range forms a critical support zone. If the price can hold above this area, it may challenge resistance levels at $2150 and $2200.
The current market is in a technical correction phase after a decline. During the rebound, prices still face suppression from bearish forces, and macro news developments continue to influence market sentiment.
The Federal Reserve’s policy direction and geopolitical developments could be key variables in breaking the current balance.
Looking ahead to short-term trends, the two major mainstream cryptocurrencies are expected to remain in a consolidation pattern. Attention should be paid to breakthroughs of key support and resistance zones. If upward resistance is effectively broken, a new rally could begin; otherwise, if buying momentum remains weak, the market may enter another phase of weakness and correction.