Yesterday's market showed a pattern of first falling then rising. After the price fell back to the 62000 level, it quickly rebounded forming a V-shaped reversal. The daily chart has closed with six consecutive bullish candles, and overall market sentiment has clearly warmed up. The weekly chart closed with a small bullish candle with a lower shadow, and the medium-to-long-term market has stopped declining and stabilized.

Switching to the 4-hour cycle observation, the deep V-shaped rebound was accompanied by increased volume, with main funds entering to absorb chips. The Bollinger Bands are slowly opening outward, and the MACD indicator is gradually turning into an upward signal. The medium-to-long-term upward rhythm is established.

On the hourly cycle, the oscillation range has widened, chip exchange has become frequent, and the battle between bulls and bears has intensified. The core support for short-term is placed at the 63000 level. After the daytime session stabilizes, you can take advantage of pullback opportunities to enter positions.

Operation Suggestions

BTC: Buy low in the 63000‑63500 range, target 64500‑65500, defense below 62500

ETH: Enter positions in the 1750‑1780 range, target 1820‑1850, defense below 1730

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