Bitcoin overall is showing a choppy upward trend. After rebounding from the low around 63,960 in the early hours today, price has gradually broken through short-term resistance during the oscillation, with the peak reaching the 65,358 high area. Currently, trading is near the key 65,157 level, with an intraday gain of about 1.2%, and the board shows a steady recovery. Ethereum’s trend is highly correlated with Bitcoin: it also started an upward move from the 1,902 low, surged to the 1,941 high area, and maintained a stable “following up” pattern throughout, with a gain of 3.37%. The strong linkage between the markets is evident, and the capital rotation effect is clear.

At the daily timeframe, an upward channel has been preliminarily formed. After the board experienced weak consolidation around the 63,000–64,000 range earlier, completing sufficient accumulation and bottom-building, it has successfully shifted into a steady upward oscillation rhythm. Bullish momentum releases gradually, driving the MA50 to form support; the EMA50 and price are synchronized in an upward resonance pattern. This structure indicates that the market trend has clearly returned to bullish dominance, and the upward trend also has strong continuation potential and solid structure. On the four-hour timeframe, the price action continues in a strong uptrend mode: price keeps climbing steadily along the upper boundary of the channel. The RSI has risen back to the mid-55 neutral-to-strong zone, and the MACD fast and slow lines form a bullish crossover and spread upward, showing the technical characteristics of a one-way strong advance, further reinforcing the bullish trend foundation on the daily timeframe.

The current market pace suggests that bullish forces are still continuously building up. The short-term pullbacks seen along the way are not signals of a trend reversal, but typical accumulation-and-liquidation moves—aimed at gathering energy for a further push higher. It’s also worth noting that tomorrow the U.S. Federal Reserve will hold a key interest rate decision meeting; market sentiment remains cautious, and the pace of fund inflows is slowing down. Today’s early trading plan still focuses on placing long positions on retracements.

Specific trading suggestions: Watch support in the 65,000–64,500 range, as well as the 63,800 and 62,800 levels. If the supports are reached and not broken, you can consider going long on the dips. Upside targets are 66,000, 67,300, 68,300, and 69,500. Pay close attention to resistance overhead; if resistance holds and is not broken, you can consider shorting at higher levels. Focus especially on resistance around the 70k level
$BTC