The early morning Bitcoin chart shows a clear "bottoming out and rebounding, one-sided upward trend" structure. During the midnight hours, the price effectively stabilized around 66,600. Subsequently, the bulls continued to increase volume, repeatedly breaking through the 67,000, 67,500, and 68,000 levels. The highest point in the early morning reached around 68,600, then slightly retreated to consolidate near 68,100. The entire upward process experienced small retracements and slow speed, with the lows gradually rising, showing typical active buying characteristics, and a clear bullish control pattern.



From the four-hour chart, since rebounding from the low of 64,059, an "higher lows" normality of upward movement has been established. After support at 66,600 was confirmed in the early morning, consecutive bullish candles closed, breaking through previous consolidation levels, with a high of 68,600. Currently, the price has retraced to around 68,100. According to Fibonacci retracement, the current correction is only about 25% of the upward wave, indicating a healthy adjustment. The 68,100 level coincides with the 0.382 retracement level and is also the support zone of the hourly MA10. As long as it holds above this level, the bullish structure remains intact. The MACD fast and slow lines crossed above the zero line and diverged upward, with red momentum bars continuing to expand. The KDJ indicator is running at high levels. Although there is a short-term correction need, the overall rebound momentum remains.

The target for Bitcoin is around 69,000-69,200. If a breakout occurs, the bullish trend is expected to continue further. Trading strategy should focus on long positions around 68,100-67,800. Regarding Ethereum, the current range is 2,080-2,100, with a target of 2,150. #加密市场普遍上涨 $BTC $ETH
BTC-1.72%
ETH-3.79%
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