This round of market action has continued to trade with volatility while trending upward. BTC surged to 66,363, and after ETH touched 1,958, the bulls lacked follow-through momentum. Currently, BTC is trading at 65,768 and ETH at 1,925. After both coins rallied, they have pulled back slightly and have entered a short-term range-bound consolidation adjustment phase. The overall larger-cycle uptrend structure is still intact; it’s just that the short term needs to digest the gains.
At the daily timeframe, the trend remains bullish: the lows keep rising, and the broader upward framework has not been broken. There are signs of lagging in the short term—this is a normal pause after a rally. BTC’s key support is 65,505, which was the low of this round of rebound. As long as this level holds, the adjustment should end and price can retest the highs upward again. Once there is an effective breakdown, the short-term correction cycle will extend. The overhead resistance is 66,363. ETH’s trend is stronger than BTC and shows better resilience. Its key support is the 1,909-1,919 zone. If support holds, we can still look for a rebound push to challenge the prior high before 1,958, with resistance at 1,958. Thursday afternoon outlook
BTC: Go long in the 65,500-65,700 range. Targets to watch: around 66,700-67,000.
ETH: Around 1,920-1,900 (small pullback). Targets to watch: around 1,958-2,000.