After dropping back from the high, Bitcoin has now formed a rebound structure with two consecutive bullish days. However, because the overall intraday volatility is not large and the bullish candles have small bodies, the pattern still mainly focuses on building a bottom rather than a reversal—just a correction within the ongoing downtrend. From an hourly perspective, the price has been trading between the middle band and the upper band. Each time it pulls back, it rebounds again; the lows are gradually lifting, and the highs are also slowly moving higher. A short-term upward channel on a smaller timeframe has already begun to form—this is a market signal we need to take seriously.

The uptrend/downtrend structure has not changed. On the four-hour timeframe, the bearish side still holds the arrangement, and the moving average system is clearly suppressing price. For the bigger direction, we continue to look for downside, and this point does not require much discussion. But in the short term, after this pullback repeatedly found support around 76000, the rebound rhythm is currently relatively stable. On the hourly chart, the lows continue to rise, the downward momentum is showing some weakening, and within smaller cycles the bears are temporarily unable to push prices down. We have encountered this situation before—weakness does not mean a straight decline. A phase-based bottoming and rebound is a normal technical correction, especially when key support areas have not been broken through in one continuous drop. Therefore, for the evening outlook, we can be more flexible: the bigger direction remains unchanged, but in the short term we can take a light position to catch a rebound. The upward structure on the smaller timeframe is still there; as long as the pullback does not break below support, we can look for the rebound to continue.

Bitcoin can lightly buy the rebound at 76500-76800, with targets around 78000. Ethereum can lightly buy the rebound at 2080-2100, targeting 2130-2150 for further upside. #灰度购入超51万HYPE并质押 $BTC ‌$ETH ‌