The price action during the afternoon has been relatively weak. After moving down steadily from the high of the 64,411 area, it retraced until around 62,434, where it finally managed to stop. After stopping below, the overall trend is still in a slow upward consolidation aimed at regaining ground. So far, from the midday low in the 62,400 area, it has recovered about 700 points of upside space and moved to around 63,700. The longs suggested in the call are also still holding with a slight increase in strength. Compared with the potential upside that could come with a rally, the retracement space is still defined as a correction phase that does not change the trend. Structurally, nothing has changed yet; what you should still do is stay long—only that the pullback space is slightly deeper.

In terms of the technical structure, there’s still no major change. The daily chart is still showing adjustment signals. Although the price has formed a consecutive bullish candle pattern, the close is not very full. After the intraday correction, there is a small dip-bottoming structure. Don’t go short just because of one pullback. The key for the evening is the strength. In the small structure, support has already formed around the 62,400 area. Next, look for bullish continuation above this level. On the lower timeframes, after a short-term pullback, it should once again regain ground, and the recovery move has relatively strong momentum. First, pull back to follow for longs; once it breaks higher, take profit promptly for adjustments.

For Monday afternoon, my personal recommendation is to buy on a pullback around 63,000–62,400. The target to watch is around 65,000 for BTC. For ETH, watch the 1,770–1,750 area to go long, with a target around 1,880. $BTC