Bitcoin and Ethereum strengthened in sync during the day, showing an overall oscillating upward rebound pattern.



Bitcoin is currently quoted at 62655, up about 2% during the day. Contract net fund inflow is 383 million USD. On the daily timeframe, it has rebounded with three consecutive positive sessions; the price has firmly held above the middle Bollinger Band (62156). Short-term support is confirmed effective. MACD bearish momentum continues to weaken; the DIF turns upward and is nearing a golden cross. RSI has rebounded to 63.8, in a neutral-to-strong range. The upward structure remains intact.

Ethereum’s rebound is stronger. It is currently quoted at 1753.65, up nearly 3% during the day, with net fund inflow of 244 million USD. The price has strongly broken through the middle Bollinger Band and is probing toward the upper band. MACD has already formed a golden cross; the red bars continue to expand, and bullish momentum is released sufficiently. RSI rises to 72.36, leading the mainstream market.

Overall during the day, maintain the judgment of oscillation with an upward bias. In terms of trading, focus mainly on going long on pullbacks. For Bitcoin, watch support below at the 62000-62200 area; overhead resistance is the 64000 round-number level. For longs, enter at 62100-62300, with a stop-loss at 61700. If it breaks below the intraday support range, exit and stand by for observation.

For Ethereum, watch support below at the 1700-1720 area; overhead resistance is around 1830. For longs, enter in the 1700-1730 range, with a stop-loss at 1680. If it breaks the middle Bollinger Band support, the trend weakens—make sure to strictly manage position risk.
BTC0.74%
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