From the 4-hour chart, the price previously oscillated and retreated below the middle band of the Bollinger Bands.


After multiple attempts to test the middle band support, a strong rebound occurred, directly pushing the price up to the upper band of the Bollinger Bands.

The rebound after the decline was vigorous. After breaking through the middle band of the Bollinger Bands, the price moved upward to test the upper band resistance.
Currently, the market is oscillating within a narrow range around the upper band of the Bollinger Bands, with the overall Bollinger Band opening upward, maintaining a complete larger-scale rebound structure.

At this stage, the market has entered a high-level consolidation phase. The upper band position faces short-term resistance, and the KDJ indicator has also entered a high zone, indicating a need for technical pullback.
Future focus should be on the zone switch: if the price can stabilize above the upper band of the Bollinger Bands, the rebound momentum will continue; if it faces resistance and falls back, the market will retest the middle band of the Bollinger Bands to confirm support strength.
The overall trend is relatively strong, with short-term high-level oscillation and consolidation as the main focus.

Bitcoin around 65,300, target 66,000
Ethereum around 1,650, target 1,720
BTC0.49%
ETH3.11%
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