Bitcoin saw a very standard dip-buy rebound last night: it first got smashed down to 63,800 to flush out a batch of panic selling, then it directly surged up, topping out at 65,788. Now after pushing higher, it can’t move up further; the price has pulled back and is ranging around 65,000, grinding the market.

The 4-hour overall direction has already formed a bullish move. After rising from 61,520, the lows keep getting higher one after another, and the highs also continuously break upward. The upside channel has been opened. This time, after hitting the upper band, there’s a small pullback—just a normal reset during the uptrend, not something to treat as a top. Looking at volume, during the rally, capital inflows were clearly noticeable; during the pullback, there aren’t many sell orders, and the bid support underneath is very strong. The approach is to wait for a pullback to support and go long on dips.

Bitcoin entry reference: go long in the 64,500–64,000 range. Targets first look at the prior high 65,788; if it breaks through, continue to watch 66,500–67,500.

Ethereum entry reference: go long in the 1,870–1,840 range. Targets: 1,980–2,050.
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