The early trading saw a sharp decline and a bottom test, and currently the market has entered a phase of rebound with increased volume. Bitcoin has risen to around 74,800 and is facing some resistance, remaining oscillating around 74,500. As for Ethereum, the price retraced to around 2,250 and rebounded strongly; currently, it has recovered to near 2,290 and faces some resistance, but the overall rebound strength has been achieved, which aligns with our outlook.

Looking at the current market, the four-hour chart indicates a phased bottoming rebound. After retracing to the lower band, a correction has been given. Bitcoin's recent movement still leans towards last week's consolidation pattern, with the bottom still focused on the previous low of 73,200, and the short-term resistance at around 74,800. After a short-term correction and breaking below the middle band resistance, it remains at the lower band, breaking the bullish pattern for nearly a week. As long as the short-term bottom is not broken, the trading range will continue to fluctuate around the middle and lower bands, consolidating and preparing for the next move. The indicators show that the three lines of the KDJ are at low levels with some convergence and are turning upward. In the near future, we should continue to observe whether the golden cross with volume after consolidation can be sustained to determine the strength of bulls and bears. Currently, there is no further breakdown in structure, and the operation strategy remains mainly to buy low.

Bitcoin can be bought around 73,500-74,000, watching for resistance at 75,000. Ethereum can be bought around 2,250-2,260, with resistance at 2,300-2,330. #btc $BTC $ETH