In the evening, BTC retraced to the support area around 59500 and consolidated, showing buying momentum. It then started a rebound rally, hitting a high of 60750 before facing resistance and pulling back.

Earlier in the evening, we provided a long position at 59500 spot for BTC and a long at a low of 1565 for ETH. This round of rebound was perfectly captured, and all profits were locked in.

From the current chart, the spot price has pulled back to above the daily Bollinger lower band at 58498, with the previous low of 58830 forming a temporary double bottom support. After consecutive days of decline, bearish momentum continues to weaken, the downside room has significantly narrowed, and conditions for a technical rebound are in place.

On the 4-hour chart, the price is running close to the lower Bollinger band at 59265. This lower band has historically been a strong short-term support, and it is difficult for the market to stay weak near the bottom for long. A subsequent upward recovery toward the middle band is still expected, so the strategy remains to buy on dips.

BTC pullback to 58900-58400 area to go long, target 60800-61800

ETH pullback to 1550-1520 area to go long, target 1600-1680

​$BTC $ETH #Solana生态ANSEM暴涨