The 4-hour chart shows a pattern of probing lows and reversing upwards. After the decline, long positions showed strong support, with price recovering above the short-term moving averages and stabilizing above the support zone. The short-term bottom support structure is solid.

Currently, the upward pace is slowing, with bulls taking a brief rest. This is not a sign of weakening bullish momentum or a trend reversal, but rather the main players accumulating strength, cleaning out floating positions, and building momentum for a move higher.

At present, the market is oscillating back and forth. The main players are using this to shake out retail short-term traders, raising the cost of holdings, while the lows are moving up. The upward channel remains intact, and the medium-to-long-term bullish rhythm has not changed.

BTC pullback around 62600-62000 to go long, target 63300-64500

ETH pullback around 1730-1700 to go long, target 1760-1820