Bitcoin: Stabilized around 62,381 after a dip in the afternoon, initiating a volume-driven rebound, directly breaking through the middle band of the Bollinger Bands, then consolidating around 63,300, which is a technical correction to the upward trend. The price has firmly stayed above the middle Bollinger Band, with the Bollinger Bands showing a converging upward trend, and the previous downward channel has been effectively broken. Currently, the price is only a step away from the upper Bollinger Band at 63,442, indicating there is still some room for a slight upward rebound.



It can be seen that the resistance levels above are the upper Bollinger Band at 63,442 and the intraday high near 63,499, which are the primary targets for a short-term rebound. The support levels below are the middle Bollinger Band at 62,945 and the rebound stabilization platform around 62,800. As long as these supports hold, the bullish momentum will not be broken. Currently, Bitcoin is in a rebound after a bottoming out, with a relatively strong oscillation pattern. The price has stabilized above the middle Bollinger Band, with continuous net capital inflows, and indicators remain in a bullish range. The bullish rebound structure has not been broken. In the short term, as long as support near the middle Bollinger Band is maintained, the price is likely to continue challenging the upper Bollinger Band resistance level, extending the rebound and correction rhythm.

Bitcoin: around 62,800, target: 64,500
Ethereum: around 1,660, target: 1,750
BTC-2.96%
ETH-3.34%
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