The latest 4-hour closing is higher than the previous candle, but I still won’t treat this bounce as a reversal. What matters more now is whether the sell pressure above has truly backed off.
The volume on this candle still hasn’t exceeded the average of the previous 20 candles. The rebound volume hasn’t caught up either. I’ll first watch 77,494: once the 4-hour closes back above it, then we can look at whether the subsequent 4 hours pull back to this level and the close stays above it—only then will I consider going long.
Ethereum also hasn’t shown a clearer edge yet. First, I want to see whether the recent resistance at 2,430 can be reclaimed. If the support at 75,866 is broken by a 4-hour closing, then I won’t be buying. A rally during intraday doesn’t count as a confirmed hold.
$BTC $ETH
The volume on this candle still hasn’t exceeded the average of the previous 20 candles. The rebound volume hasn’t caught up either. I’ll first watch 77,494: once the 4-hour closes back above it, then we can look at whether the subsequent 4 hours pull back to this level and the close stays above it—only then will I consider going long.
Ethereum also hasn’t shown a clearer edge yet. First, I want to see whether the recent resistance at 2,430 can be reclaimed. If the support at 75,866 is broken by a 4-hour closing, then I won’t be buying. A rally during intraday doesn’t count as a confirmed hold.
$BTC $ETH