Current thinking is leaning bearish. This morning's rally feels more like an emotional repair-type rebound, with average follow-through volume, and there is obvious selling pressure above.
$ETH has already entered a zone of high previous trading volume near 3160. Continuing upward requires increased volume; otherwise, it can easily peak and then fall back.
Bitcoin is the same; the rebound hasn't escaped the oscillation structure, and the higher it goes, the lower the cost-effectiveness.
In terms of operations, do not chase long positions; instead, focus on the selling pressure after the rebound at high levels. Once there is significant volume stagnation or weakness at the 4-hour level, the bearish opportunity becomes clearer.
Short-term logic: rebounding gives a sell signal, oscillation leans downward, wait patiently for the structure to develop before taking action.
$MYX $RIVER
