The daily chart forms a strong long bullish candle and a forceful rally. The price moves upward along the Bollinger Bands’ middle band, and the rebound/attack posture is clearly apparent, with the overall structure showing a strong upward trend. Going forward, the Bollinger Bands’ middle band will serve as the boundary for the rebound; an effective break below would confirm a rebound-failure/consolidation scenario.



On the four-hour timeframe, after a run of consecutive bullish candles surging to higher highs, the market is consolidating at the high level. The price struck the 82,000 area and met resistance before pulling back. The rally has repaired the hourly overbought indicators; the four-hour indicators are healthy, and after a short pause, there is still room for upside.

In the recent market, trading volume is concentrated during the U.S. session, while volatility is smaller during the Asian session. During the day, the market mainly consolidates and builds momentum with range-bound movement; after the rebound gathers strength, it will rise again.

BTC retraces around 81,000–80,300, with upside targets of 81,600–82,800.

ETH retraces around 2,260–2,220, with upside targets of 2,300–2,380.
BTC2.44%
ETH1.13%
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