On the daily timeframe, the current pullback correction has not been completely finished; the adjustment room has not been fully released yet. Short-term long and short forces remain roughly balanced, and the market will enter a contraction and consolidation stage, with reduced volatility.

Prices have been oscillating at long-term low levels. When the retracement tests support, there has been no volume spike to break through; the key support below absorbs buy orders to provide a backstop. The bottom support is solid, with no conditions for a deep probe downward and turning bearish.

In the short term, the market is oscillating and correcting, accumulating energy to build momentum. The pullback will cleanse floating positions. Based on an overall assessment, I firmly stay bullish: after the market consolidates and gathers strength, the release of bullish momentum will drive prices higher, and the upside potential is promising.

BTC retraces around 62,000-61,400, and rises to 62,600-63,800.

ETH retraces around 1,760-1,730, and rises to 1,800-1,860.