After testing the 59,000 support level in the early hours, buyers stepped in quickly and provided a strong base. Price then rebounded steadily, chopping around the 60,000 level during the morning before bulls pushed higher in the afternoon, reaching a high of 61,800.

A long position entered at 60,696 in the morning was closed for profit at 61,686, capturing nearly 1,000 points.

Many traders were held back by fear after the overnight sell-off and hesitated to enter near the lows, missing the opportunity to get in early. Trading psychology is a key part of profitability.

On the hourly chart, consecutive bullish candles have held above the Bollinger Band midline, with bulls currently in control. The rebound structure remains intact, and every pullback can be viewed as a potential buy-the-dip opportunity.

Short-Term Trade Idea

BTC: Consider long positions on a pullback into the 61,000–61,500 zone, targeting 63,000.

ETH: Consider long positions on a pullback into the 1,620–1,640 zone, targeting 1,700.

$BTC ‌$ETH ‌