Hello everyone, today let's talk about waves. The two-week rebound of Ethereum and Bitcoin has basically come to an end. Ethereum's rebound was stronger, but it encountered the second resistance level and started to decline. Bitcoin has been hovering around the first resistance level at 94,000 and has not broken through. Bitcoin's rebound pattern appears to be a complex oscillating rebound, lasting quite a long time.

Last night, the interest rate cut news was announced, leading to a short-term surge. However, it then faced resistance at 94,500 and showed a V-shaped decline. It is expected that in the second half of this week, the market will continue to oscillate downward, but attention should be paid to the break below 86,000. There is a high probability that it will once again hit a new low of 80,000.
In the short term, the wave that started last night is still incomplete. After a short-term rebound, there will be another wave of decline before a larger rebound can occur. Investors can continue to position themselves for downside strategy.