Yesterday morning, the market surged to test the 64000 level, then showed a weak and oscillating downward rhythm throughout the day, with prices falling all the way to a low of 61290 in the evening. As subsequent positive news continued to be released and digested, buying pressure on the chart re-emerged with a strong rebound, pushing prices up again to around 64600. Yesterday, we insisted on a bullish layout, and the target levels set for both Bitcoin and Ethereum were successfully reached and fulfilled.

From the current chart, the daily level has formed a bottoming pattern after the previous downturn, with prices stabilizing above the middle band of the Bollinger Bands. The daily MACD bullish momentum continues to hold. The larger cycle has shifted from a previous downtrend to a bottoming and rebounding consolidation pattern. On the 4-hour chart, lows are gradually rising, forming an oscillating upward wave pattern. The 1-hour middle band of the Bollinger Bands serves as the short-term bullish/bearish dividing line, with the current price running above the middle band, indicating a strong short-term trend. In future operations, maintain the layout of buying on dips.

Buy Bitcoin around 63000-62500, target 64300-65500.
Buy Ethereum around 1760-1730, target 1830-1900.
$BTC $ETH $IOST