This rebound is quite interesting. Bitcoin just surged back above 87,000, and Ethereum has also stabilized above the 2900 level. On the surface, it seems that the negative news of Japan's 25 basis point rate hike has already been priced in by the market, and short-term panic sentiment has not further spread; instead, prices are recovering.

From a technical perspective, the hourly MACD for Bitcoin shows bullish momentum increasing, indicating that the rebound still has room to continue. However, two key areas need to be watched—above 88,000 to 88,500 is short-term resistance, while below 86,000 to 85,000 must hold as support. A break below could require reassessment. On the Ethereum side, 2965 to 3000 is recent resistance, with 2830 to 2770 serving as the support baseline.

The key will be how the market moves tonight. The white session rebound looks more like technical correction, and the true reversal energy will depend on the US session. The evening's consumer confidence index and Federal Reserve Williams' speech will be crucial, as these two data points could provide clear guidance.