The market showed a bit of red today, but don't pop the champagne just yet.

The market has indeed been rebounding over the past week, and the early session continued the upward trend. However, if you take a closer look at the candlestick chart, BTC and ETH's 50-day moving averages have already crossed below their 200-day moving averages—that's the so-called "death cross" often mentioned by technical analysts. It sounds scary, but it basically means the medium-term trend might not look great, and this rebound is more like a technical bounce after an oversold dip.

Simply put, short-term sentiment has improved, but the overall structure is still shaky. If you rush in and go all-in just because prices are up today, you might get stuck at a peak. The key now is to keep a close eye on those resistance levels and see if the market can truly break above and hold. If it can't hold, there could be more bottoming ahead.

Don't act impulsively; it's better to stay on the sidelines for now. Wait until the signals are clearer before making a move.