Early this morning, BTC surged to 63,450, touching the upper Bollinger Band, and has been continuously pulling back under short-term overbought pressure, dipping to a low of 62,549. After falling to the lower Bollinger Band, buying stepped in to stabilize the decline, gradually forming bullish candles and recovering. The current price is 62,887, regaining some ground. ETH's trend is highly correlated with BTC. It surged to 1,808, faced resistance, and pulled back, with an intraday low of 1,750. It found support and bounced at the lower band, now at 1,768.

The early breakout above the upper band was merely due to overbought indicators; this pullback is a healthy correction, and the trend has not turned bearish. BTC has solidified support at the lower band around 62,550, with strong buying pressure. The price has now returned above the middle Bollinger Band, and the short-term trend is back in bullish territory. ETH's earlier surge to 1,808 deviated from the channel, so a pullback was necessary. The correction is a washout, and support at the lower band near 1,753 is effective. Consecutive bullish candles have stabilized above the middle band, opening up a short-term rebound channel.

Throughout the correction, there has been no high-volume bearish sell-off, and bears lack the conditions for sustained pressure. The long-term bullish structure remains intact. Both major coins have stopped declining at the lower band, reclaimed the middle band, and seen capital inflows simultaneously. Multiple bullish resonance signals are clear, and this decline is merely a washout during an upward consolidation.

BTC pullback to 62,300-61,800: go long, target 62,900-63,500.
ETH pullback to 1,740-1,700: go long, target 1,790-1,850.
$BTC $ETH #ETH突破1700