The pullback in the trend is an opportunity for bulls to enter, not a reason for bears to celebrate; going with the trend is always the most stable survival rule in the crypto world. Yesterday, Bitcoin continued its strong upward trend since the low of 74,868 on May 2nd, with the 4-hour candlestick chart moving upward along the upper Bollinger Band, reaching a stage high of 82,828, setting a new high for this rebound. Ethereum surged from 2,377 in the early morning to 2,422 along with Bitcoin, then pulled back.

The major bullish trend has not been broken; the decline appears to be a normal correction after the rise, not a reversal signal. The current rally, starting from 74,868, has kept the price above the middle Bollinger Band at 80,736, with the current price at 81,334 still above the middle band, indicating the core support of the bullish trend remains intact. As long as the middle band is not effectively broken downward, the overall upward direction remains unchanged.
The 81,000-80,700 zone below is a strong support area; after testing this zone yesterday, it stabilized, indicating that the bulls' buying strength is still present, and the correction has not shown any volume-driven breakdown signals.
Bitcoin: Long near 80,700 Target: 82,500
Ethereum: Long near 2,310 Target: 2,450