Market correction in progress: BTC/ETH poised for a move?

Current market characteristics: fluctuating downwards. Observing the trends of BTC and ETH, there has been a clear pattern of fluctuating downwards recently. The key features are:
Higher and lower points are gradually moving down: Whether on the daily or weekly level, the price's highs and lows are orderly descending, forming a gradually contracting or downward sloping channel/box structure.
Technical pullback demand is emerging: Combining the technical indicators of the daily and weekly charts, there is indeed some pullback pressure in the market. From a longer-term perspective, this healthy pullback helps to release risks and solidify the foundation, accumulating momentum for potential upward movements in the future.
Core view: bullish expectations, but cautious in the short term.
>Although we maintain a relatively optimistic outlook on the market direction in the medium to long term ("bullish"), the current operational strategy should be primarily cautious ("not to go long"). This is mainly based on the following points:
1. Insufficient market momentum: The current market data and price behavior indicate that there is a lack of strong momentum for sustained upward movement. The rebound often appears "weak in retracement", making it difficult to effectively break through key resistance.
2. Lack of Positive Catalysts: On the news front, there is currently a lack of strong catalysts that can significantly support a "surge" in the market.
3. The downward trend remains unchanged: The intraday movement also confirms that the correction has not yet ended, and the price still tends to test the support downwards.
Trading Strategy: Follow the trend and seize range opportunities
Main idea: Before a clear stabilization reversal signal appears, operating in accordance with the current trend of oscillating downwards is a more prudent choice. This means that short-term opportunities are more likely to find high-probability short entry points when rebounds encounter resistance (or to seek short-term long rebounds at key support levels).
Key Positions: We will continue to monitor and share important support and resistance areas, striving to help everyone grasp relatively ideal entry points and maximize potential profit margins.
Risk management: No matter long or short, be sure to set stop-loss orders and control your positions.
The foundation of trading: system and discipline
Successful trading is never based on luck. It is built on a complete and correct trading system and requires strict adherence to trading discipline:
Respect the market: Never try to go against market trends.
Decisive execution: Open positions with evidence and fear not, hold positions with reason and panic not, close positions with method and regret not.