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The 4-hour cycle indicator forms a head-to-shoulders resonance. After the price dips to and tests support at the lower Bollinger Band, value-buying capital concentrates and enters quickly, restoring lost ground and kicking off a corrective rebound. The Bollinger Band channel continues extending upward; in the medium to long term, the head-to-shoulders structure remains intact. This round of decline is only a shakeout and washout during the upward move, and it has not broken the overall bullish trend.
BTC retraces around 64,400–63,800, then moves up toward 65,200–66,800.
ETH retraces around 1,740–1,700, then moves up toward 1,770–1,820.