In the early hours, Bitcoin pulled back to retest the 63,500 support area, then stabilized and turned upward. Short-term trading volume remains steady, and the pace of adjustment is orderly. Ethereum is showing stronger resilience; it is currently consolidating sideways around the 1,710 level. This round of decline has already completed the release of bearish momentum. The rebound uptrend still has room to continue, so there’s no need to let minor intraday fluctuations disrupt your judgment.

From a cycle perspective, after two consecutive bullish days on the daily chart, there has been a slight pullback, but the overall price is still within the low-range box area. The price in the larger cycle is being lifted steadily, supported by short-term moving averages, and the framework of an upward oscillation has not been broken. On the 4-hour timeframe, the K-line is running with moving-average support, and the bullish setup remains dominant. The current price is caught in a tug-of-war around the breakout/launch level, but the downside room has already narrowed. In the short term, the priority is to look for a corrective recovery with a move higher. After the price touched the lower band of the channel, it quickly snapped back—clearly indicating that the bulls used the dip to complete a shakeout and build momentum for the next leg up.

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