Bitcoin is overall showing a volatile upward pattern. After rebounding from a low point around 64,280 in the early hours of today, prices gradually broke through the short-term suppression range of 64,800-65,000 during the oscillating climb. The high was tested up to the 65,650 area. Currently, it is stabilizing and running near the 65,500 level, and the intraday gain is 1.8%, showing a positive signal that the market is stabilizing and rebounding. Ethereum’s price action is highly correlated with Bitcoin. It also began its upward move from the 1682 low, surged to the 1719 high area, and maintained a steady “following-up” rally throughout the entire process. The ETH/BTC exchange rate is rising in tandem, highlighting strong market linkages, and the mainstream coin sector is forming a resonant upward pattern.

At the daily timeframe level, the upward channel continues to expand in an orderly manner. After the market experienced a weak pullback in the 63,700 area last Friday and completed sufficient buildup and base formation, it has successfully switched to a steady rhythm of oscillating upward. Bullish momentum is being released gradually, driving the MA5/MA10/MA30 moving-average system to form a synchronized resonant upward configuration. The MACD indicator’s golden cross continues to fan out, the red histogram bars steadily expand, and the RSI has returned to above the 50 strong zone. This formation indicates that the market trend has clearly returned to bullish dominance, and that this upward trend has strong persistence and structurally solid support. On the four-hour timeframe, the price action continues in a strong upward tone. Prices consistently climb steadily along the upper rail of the channel, showing the technical characteristics of a one-way strong uptrend. The Bollinger Bands widen upward, prices run along the upper rail, and the KDJ indicator at high levels has become dull, further reinforcing the foundation for the daily timeframe bullish trend.

From the current market tempo, it shows that bullish forces are still continuing to accumulate. The short-term pullbacks seen during this period are not reversal signals, but rather typical “buildup and washout” moves. The core objective is to accumulate energy for a further push upward into the 66,000-66,500 resistance zone. It is worth noting that on the weekend, the Bitcoin network completed the historical 11th largest mining difficulty adjustment downward (about 10%), effectively easing miners’ operational pressure and providing fundamental support for price. Today’s early operations still primarily focus on setting up long positions on pullbacks as the core approach.

Specific trading suggestions: Watch the support at the 65,300-64,800 range and the lower 63,500-62,800 range. If prices reach those levels, you can try entering with a low buy-in. Look upward toward 66,000. If it manages to hold above 66,000, you can try to continue aiming for the additional 500-6000 point upside space. If there is a substantive breakdown of 62,800 and pressure persists below 62,800, you can directly target the 62,000, 61,300, and 60,000 levels.
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