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Staring at the market chart for a long time, the signals given by the 4-hour timeframe are quite interesting:
1️⃣ Indicator correction: KDJ has already completed a golden cross and is turning upward, RSI has also risen significantly from the oversold zone. The panic after last night's sharp decline has mostly been released, showing signs of stabilization in the short term.
2️⃣ Strength and weakness shift: In terms of momentum, ETH's recent rebound has been noticeably stronger than BTC, with clear capital inflows, and short-term sentiment is slowly recovering.
⚠️ Core logic:
But don’t be fooled by one or two bullish candles! The overall trend hasn't fully turned bullish yet. The current rally is more like a "breather" after selling pressure at high levels, not a reversal. The main force is giving a rebound level to make you more comfortable to short at high positions.