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A standard V-shaped reversal pattern emerged from the one-hour chart, directly reversing the previous continuous head-and-shoulders pattern.
All technical moving averages issued buy signals simultaneously, with the 7-period moving average leading the turn upward, followed by a bullish crossover as it crossed above the 30-period moving average, forming a golden cross. The original head-and-shoulders arrangement was completely dismantled, and the moving average system officially shifted to a bullish support pattern, further consolidating this round of rebound trend.
BTC retraced around 63,400-62,800, with upside potential to 64,300-65,800.
ETH retraced around 1,690-1,650, with upside potential to 1,720-1,800.