On the 4-hour chart, Bitcoin rebounded but pulled back after facing resistance, then recovered. The candlestick has a long lower wick, with the body near the opening price, indicating buy-side support on the decline and no sustained sell-off for now. However, the previous rebound high has not been broken, so this is overall a range repair. The bias is toward a choppy upward move, with a focus on the support at this pullback’s low.
On the hourly chart, the bullish candle engulfed the bearish candle’s body after a wick sweep, showing relatively strong support. The current small bearish candle remains above the bullish candle’s range and has not erased the rebound. After a brief short-term consolidation, it is expected to challenge the early-morning high. The strategy is to buy on a pullback, entering in the lower half of the bullish candle’s range, without chasing the rise.
Bitcoin entry reference: go long at 80100–81000, with the first target at 81700 and the next at 82300.
Ethereum entry reference: go long at 2650–2610, with the first target at 2690 and the next at 2780.