The crazy week has passed, and the overall market has entered a phase of oscillation and correction. The fundamentals mainly focus on two points: one is the geopolitical impact in the Middle East brought by the US-Iran situation, and the other is the Federal Reserve's interest rate hike-related developments. These two major factors have a significant influence on the mainstream cryptocurrency market.

Technically, Bitcoin is currently stabilizing within the 62,000-64,500 range for oscillation and correction. The 4-hour chart shows the price above the middle band of the Bollinger Bands, with moving averages also in a bullish alignment. Meanwhile, market volume is gradually increasing, indicating a relatively stable short-term trend. Resistance above is at 64,800-65,500, with short-term support at 62,500, and a key support level around 61,000.

Today's trading reference:

Buy on dips at 61,600-62,100 for Bitcoin, with a stop-loss at 61,000. The target is 63,200; consider taking partial profits. If a successful breakout occurs, then look at 63,800-64,500$BTC

Buy on dips at 1,640-1,625 for Ethereum, with a stop-loss at 1,588. The target is 1,685; take partial profits. Breakout targets are 1,720-1,750$ETH