A short-term pullback touched the lower Bollinger Band at 79188, quickly stabilizing and rebounding. The Bollinger Bands are gradually converging and flattening from a downtrend, indicating a shift in market focus upward; the price has stabilized above the middle Bollinger Band at 79423, currently trading around 79600 with a slightly strong momentum. Intraday, the market has shifted from weakness to stabilization and consolidation.



Market panic-driven downward momentum has significantly diminished, with continued strength in low positions, and short-term selling pressure has been exhausted; overall investor sentiment is improving. This round of decline is confirmed as a sentiment shakeout, and the market has returned to a bullish dominance, with future movements mainly focused on recovery and rebound.

Bitcoin retraced to around 78500-79200, with targets at 80500-82000.

Ethereum retraced to around 2210-2240, with targets at 2300-2350.
BTC-1.52%
ETH-1.33%
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