Early morning Bitcoin retested the 63,500 support zone, then stabilized and turned upward. Short-term trading activity remains stable, and the adjustment pace is orderly. Ethereum is showing stronger resilience; it is currently consolidating sideways around 1710. The bearish phase of this drop has already finished releasing momentum. The subsequent rebound still has room to continue, so there’s no need to let minor intraday fluctuations interfere with your judgment.

From a cycle perspective, after two consecutive bullish days on the daily chart, there is a slight pullback, but the overall price is still in the low-range box area. On the larger cycle, price is steadily rising while leaning on short-term moving averages, and the oscillating upward framework has not been broken. On the 4-hour level, the K-line is running with moving-average support, and the bullish structure remains dominant. The current price is still tugging back and forth around the breakout-start area, but the downside room has already narrowed. For the near term, priority is to watch for a repair and upward move. After price touched the lower rail of the channel, it quickly pulled back—this clearly shows that the bulls used the decline to complete a shakeout, accumulating momentum for the next upswing.

Bitcoin long in the 63,000-62,500 range Target 64,000
Ethereum long in the 1,680-1,670 range Target 1,780