Less frequent operations, more patience and steadiness. The cycle is on the way, the trend remains unchanged. After enduring the lows of the shakeout, the market will eventually enter a high-light moment, and all persistence will be rewarded.

Currently, from the 4-hour indicator, after the price retraced to near the lower band of the Bollinger Bands at 79109, it strongly stabilized and rebounded. In the short term, it has already regained the middle band of the Bollinger Bands at around 80675. The downward momentum is completely exhausted, and the support strength is very strong. The KDJ indicator has formed a golden cross at the low position and is diverging upward, with the value quickly turning around and repairing. The short-term bullish rebound trend has been established. The first resistance level above in the short term is 82240, with a strong previous high resistance at 82828. This round of deep correction did not break the current upward trend line, which is a healthy shakeout and clearing of panic floating chips during the upward process. The large-scale bullish trend remains intact.
Ethereum’s current movement is deeply linked with Bitcoin, completing the full rhythm of high-level retracement and bottoming stabilization simultaneously. Bitcoin retraced to build a bottom and rebounded, while Ethereum followed suit and stabilized. The bullish sentiment is also warming up in sync.
Overall, capital flow continues to favor mainstream coins. While Bitcoin absorbs funds, Ethereum also has the opportunity for a rebound and repair. The technical aspect also shows bullish signals such as the KDJ low-level golden cross and the Bollinger Bands converging and turning upward, opening up space for a short-term rebound.
Bitcoin: Long around 79,900, target: 81,500
Ethereum: Long around 2,280, target: 2,400