A night's correction, the bottom has already stabilized. Yesterday's market experienced a waterfall decline, with the trend heading south all the way down, and the bears had a rare moment of action, with Bitcoin dipping to around 78,700, while Ethereum also declined to the 2,233 level. Subsequently, during the midnight phase, the market bottomed out and began to recover, with bearish momentum severely hindered. The support at around 79,000 remains undeniably strong, and yesterday's break was mainly a false break with a pin-like pattern, so the rebound after hitting bottom is steadily increasing in volume.

Currently, the bulls are still steadily increasing in volume, and market sentiment is gradually turning positive. On the daily chart, after three consecutive bearish closes above the upper Bollinger Band, the price clearly rebounded after hitting the middle band, with a bottom shadow forming. The middle band provides strong support, and since this level is near the 79,000 threshold, the double support effect is very ideal. On the four-hour chart, a double top pattern has formed, and currently, the price is oscillating at the bottom with alternating bullish and bearish candles. The support at the bottom continues to be reinforced, stimulating buying interest in the market. The pattern is steadily turning bullish, with the MACD histogram beginning to shrink, indicating decreasing bearish momentum. The volume is gradually turning positive. The three lines of the KDJ indicator are gradually moving upward toward a golden cross at the bottom, showing high bullish sentiment. The market is set to rise further, and the next move should follow the trend.

Bitcoin in the 79,500-79,000 range is a buy zone, targeting 81,500.
Ethereum in the 2,260-2,240 range is a buy zone, targeting 2,450.
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