$BTC 4.3 Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions

From the current market structure, after a series of large bearish candles on the daily chart, the market is now experiencing a weak rebound correction with small K-line patterns, which is a typical weak correction pattern. This technical formation usually indicates that the downward momentum has not been fully released, and the bears still hold dominance.

Generally, after a large bearish candle crashes the price, the second trading day often continues the decline, at least making new lows. Yesterday effectively broke below the 65,000 level, and today, with a lack of strength in the rebound, continuing to look for a decline is a reasonable choice. Of course, we should also be alert to the possibility of a larger rebound brewing in the market, but the resistance around 68,000 is very critical—if the price can reach that area, it indicates the market is not extremely weak and may instead enter a range-bound consolidation. Therefore, if the bearish pressure continues, the market is likely to drop directly below 65,000 without much room for a strong rebound.

Next, the key question is how far this weak correction can extend. It’s important to clarify that the current decline is essentially a correction within a bullish trend; after the correction ends, the market will ultimately return to a bullish pattern.

From the 4-hour chart perspective, the candles are consecutively declining, showing a very weak trend. Resistance above is obvious, and the rebound strength is limited, indicating that further downward momentum still exists. Focus should be on whether the support around 65,500 holds, as well as the previous low area, which now forms a key double-bottom reference level. Overall, for afternoon trading, maintain a trend-following approach, mainly looking to short on rebounds. #加密市场行情震荡