BTC hit a low of 63,634 in the early morning, while ETH bottomed at 1,796 to stop the decline. The long positions from earlier this morning are already in profit. The week starts with a strong opening.

The chart still holds the momentum for a second push higher. Over the weekend, the small timeframe has been ranging back and forth to build up energy; after consolidation, it should continue to move up. The daily chart’s bottom keeps rising, the downtrend has ended, and buy-side support from the bulls is strong. As long as no top-forming K-line appears, going long on pullbacks is the safest. Short-term downside room for a correction isn’t large; once the ranging and washout phase ends, a rally will follow.

Entry levels:
BTC go long at 63,200–63,700 (support zone), target 64,700/65,500;
ETH go long at 1,770–1,790, target 1,850. #GateUS合规扩展佛罗里达 #LAB两日腰斩53% $BTC $ETH