Bitcoin (BTC) and Ethereum (ETH) are both showing short-term correction signals on their daily charts. However, medium-term trend indicators such as moving averages and the Supertrend remain in an uptrend structure, leaving room to interpret the current movement as a phase of moderating momentum after a rally rather than a trend breakdown.

BTC is currently trading at 79,442.01 USDT, down 2.23% on the day, while ETH is at 2,453.85 USDT, down 2.12%. Judging by the daily declines alone, there is little difference between the two assets' movements.

■ Short-Term Momentum... BTC Enters MACD Dead Cross Today

In terms of short-term momentum, BTC holds the relative advantage. BTC's RSI(6) stands at 59.68, higher than ETH's 55.03. While neither asset is in an extremely overbought zone, both share the common trait that recent upward momentum has weakened compared to before.

Notably, BTC's RSI dropped from 74.62 the previous day to 59.68, indicating a rapid slowdown in short-term upward momentum. With a dead cross forming on the MACD today and the histogram moving into negative territory, BTC has entered a zone where vigilance is warranted for the possibility of growing short-term selling pressure.

ETH is also showing a bearish MACD trend. However, unlike BTC, which just entered a dead cross today, ETH has been in a dead cross state for roughly three days already. Technically speaking, ETH has been experiencing a slowdown in short-term momentum ahead of BTC.

■ Medium-Term Trend... Bullish MA Alignment and Rising Supertrend Maintain Uptrend

Both assets maintain an uptrend structure on the moving averages, which indicate the medium-term trend. BTC and ETH both show a bullish alignment, with MA7 above MA25 and MA25 above MA99. The Supertrend also continues pointing upward.

BTC's Supertrend baseline is at 72,310.90 USDT and ETH's at 2,213.72 USDT, with both assets currently trading above their respective trendlines. This serves as grounds for viewing the medium-term uptrend as still intact despite the short-term correction.

■ Returns, Volume, and Capital Flows... Short Term Favors BTC, One Month Favors ETH

Recent returns vary by period.

• 7-day returns: BTC -1.02%, ETH -2.29% → BTC relatively resilient
• 30-day returns: BTC +23.94%, ETH +31.25% → ETH recorded the stronger rally

ETH also leads in trading participation intensity. BTC's current volume is about 0.99 times its recent 7-day average, while ETH is at 1.16 times, recording above-average volume.

Large-scale capital flows are also stronger for ETH. On a daily basis, BTC's large-scale capital flow showed a net inflow of 1.78%, while ETH recorded a net inflow of 4.42%, showing a difference in the intensity of capital inflows.

■ Summary... Short-Term Correction Signals and Medium-Term Uptrend Coexist

In summary, BTC's short-term MACD has just turned bearish, but it holds the advantage over ETH in relative strength and RSI over the past week. Meanwhile, ETH's short-term momentum weakened first, but it has shown stronger performance than BTC in monthly gains, trading volume, and large-scale capital inflows.

What the two assets have in common is that short-term correction signals and a medium-term uptrend structure are appearing simultaneously. Going forward, key technical variables for determining short-term direction include whether BTC holds its MA7 and Supertrend support levels, and how quickly ETH resolves its existing bearish MACD trend.

[※ This article was written for the purpose of providing information on the cryptocurrency market and does not recommend buying or selling any specific virtual asset or guarantee investment returns. Price outlooks, support and resistance levels, and target prices mentioned in the article are scenarios based on technical analysis by market participants and may unfold differently from actual price movements. Cryptocurrencies are high-risk assets with extreme price volatility, and part or all of the invested principal may be lost. Investment decisions and their consequences are the responsibility of the investor, so please thoroughly review market conditions and relevant information before investing. This article was written with AI assistance.]