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Bitcoin has now hit a low of 57700. Although it has pulled back above 58000 in the short term, the overall trend remains weak. The weekly support level at 58000 has been tested. If it cannot reclaim 59000 later, this cannot be considered a turnaround. The current view on Bitcoin is bearish, but it is not recommended to chase shorts directly near 58000, as this level is prone to a rebound washout.
Best entry range: 58900-59400, with targets at 58000 and 56000.
Ethereum is slightly more resilient, but before it reclaims 1600, it can only be seen as a weak recovery. If Bitcoin continues to decline, Ethereum will likely be dragged down by panic sentiment.
Watch the 1590-1605 range on the upside, with targets at 1560-1530 on the downside.
Personal opinions are for reference only. Please plan your entries and exits based on your own position and real-time market conditions for risk management.