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Observing the current overall trend, this rebound is more of a short-term reaction driven by news sentiment and has not changed the existing correction pattern. Resistance above remains obvious, and the bulls lack the ability to sustain continuous effort. From the short-term chart, the pattern of decreasing highs continues, and the market is still constrained by the bearish forces.
Thursday evening trading suggestions:
Bitcoin rebounds to around 70,800-71,500, short at this level, with a target down to 69,000-68,000.
Ethereum rebounds to around 2,060-2,100, short at this level, with a target down to 1,980-1,800!