Bitcoin overall is showing a choppy upward pattern. Starting from a low around 63,100 in the early hours today, it rebounded; during the choppy climb it gradually broke through the short-term suppression in the 64,500–65,000 range. It pushed up to a high around 65,799. Currently the price is stabilizing around 65,299, maintaining a strong consolidation posture.

Ethereum’s price action is highly correlated with Bitcoin. It also began its upward move from the 1,870 low in sync, surged toward the 1,900 round-number level, and throughout the entire move it maintained a steady “follow-through” pattern. The linkage on the trading screen is evident, and the mainstream coin sector overall resonates upward.

On the daily timeframe, the rising channel continues to expand in an orderly manner. After the weakness and pullback in the latter part of last week that tested the 62,000–63,000 support zone and completed sufficient buildup for a base, the market has successfully switched to a steady choppy upward operating rhythm. Bullish momentum is being released gradually, driving the 5-day and 10-day moving averages into a synchronous bullish convergence. Price has also moved above the 50-day moving average (around 65,026), a key position. The RSI has rebounded from the oversold area to above 50. This structure indicates that the trend has clearly returned to bullish dominance, and that this upward move has strong continuity and solid structure. On the 4-hour timeframe, the strong rally tone continues: price keeps climbing steadily while relying on the channel’s upper rail, showing the technical characteristics of a one-way strong uptrend. The MACD forms a golden cross above the zero axis, and volume expands in tandem, up 66% versus yesterday. This further reinforces the foundation for the daily timeframe bullish trend.

Current market rhythm shows that bullish power is still continuously accumulating. The short-term pullbacks that occurred in the meantime are not a trend-reversal signal, but a typical “buildup and shakeout” move, with the core goal of gathering energy for further breaking up toward the next major resistance zone around 66,000–67,000. Today’s early operations still focus on placing long positions on pullbacks.

Specific trading suggestions: For now, you can continue to watch support in the 65,000–64,300 range, as well as 63,800 and 62,800. A substantial breakdown below 61,800 would be the key turning signal. Until there is a substantive break below 61,800, the overall bearish structure remains unchanged. Around the provided ranges and levels, you can try low longs, aiming up at 66,000. If the price breaks and holds above 66,000, continue looking toward 67,300, 68,300, 69,500, and 70,500 as key resistance levels. If it fails to hold, you can consider shorting near the target zones listed above, depending on the situation.
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