In the early morning to dawn period, Bitcoin generally maintains a range-bound oscillation, with prices fluctuating between 62,000 and 62,800 as bulls and bears repeatedly battle for dominance. After the bulls concentrated their efforts in the early morning, the market trend improved, and the price briefly broke above the 63,000 level. My warning last night about a bullish outlook was validated. A new day has begun, so get ready, stay in good shape, and continue to seize upcoming trading opportunities.

From the four-hour chart perspective, after the price hit a bottom, it formed a long lower shadow candlestick, combined with a doji reversal pattern, signaling a market turning point. The bullish momentum is gradually being released. Currently, the price has closed two consecutive bullish candles, breaking out of the weak oscillation zone below the Bollinger Bands' lower band. The selling volume from bears continues to decrease, and moving averages are showing signs of turning upward. Switching to the one-hour chart, the three Bollinger Bands are expanding, with the price moving toward the upper band, while the lower band is also rising. The downward space is significantly compressed, and support at the bottom is becoming more solid. The intraday trading strategy remains focused on buying on dips at lower levels.

Buy near 62,500 for Bitcoin Target 64,000
Buy near 1,660 for Ethereum Target 1,750