BTC earlier dipped to complete a bottoming process at the 62,505 low, and then started a sustained recovery rebound. The current price 64,752 is running just below the Bollinger upper band 64,755. As for ETH, after reaching a bottom at 1,802, it gradually consolidated and then lifted higher through range-bound movement; in the early hours, it surged on increased volume and touched the 1,867 intraday high. The current price 1,862 is tightly tracking the Bollinger upper band 1,860. In the short term, the bulls’ momentum remains relatively strong.
This leg is a repair rebound after a deep selloff. The overall bearish structure on a larger timeframe has not been fully reversed. With the current price staying close to the Bollinger upper band, there is a possibility of a short-term pullback under pressure. If bullish follow-through weakens and the price turns down and breaks below 64,202, the short-term strong move will shift into sideways consolidation and adjustment. The next key support below is the Bollinger lower band at 63,650. For ETH, as long as the current price holds above the Bollinger upper band, all moving averages are spreading upward, and volume remains at a moderate level with mild expansion. In the short term, the support zone is anchored around the 1,860 Bollinger upper band; as long as it is not effectively broken, the market will continue to probe the 1,867 resistance pressure. For the medium- to long-term, the outlook is still mainly bearish; for the short term, the approach is mainly to “lightly load and buy the dips,” supplemented by that strategy.
Sunday morning trading plan
BTC around 64,900–65,300 → target 63,500
ETH around 1,870–1,900 → target 1,800
In the short term, BTC can probe/position around 64,500 → target 65,000
ETH can probe/position around 1,850 → target 1,900