The market won't reward you for staying up all night watching the charts, but it often punishes impulsive actions. Sometimes, the best move is to turn off the screen and get a good night's sleep. The overnight Bitcoin trend initially dipped then rose, forming a typical shakeout and strong recovery pattern. Influenced by the high open of the US stock market, volatility increased, with prices briefly reaching 69,700 before quickly falling back to around 68,400. This movement effectively cleared short-term indecisive positions and validated the support at 68,400, serving as an important signal of a potential bottom.

Currently, BTC is strongly rebounding from the key support zone of 61,000-62,000 USD, forming a V-shaped recovery on the daily chart, indicating that bullish momentum is gradually building. Although overall still within a medium-term consolidation channel, the rebound pattern has been preliminarily established. If the daily chart can effectively hold above 70,000 USD, the upward space will further open; in the short term, any pullback around 65,000-66,000 USD is expected to provide strong support. The current structure leans more toward an upward breakout after consolidation. ETH also shows a bottoming and rebound trend; although it has not fully exited the oscillation zone, a successful breakthrough of the 2,150-2,180 USD resistance zone could confirm the return of a short-term bullish trend. The support zone at 1,950-2,000 USD is relatively solid, providing a strong foundation for the rebound. In terms of trading strategy, the short-term bullish pattern for Bitcoin is becoming clearer, and traders may consider gradually adding positions on dips; for Ethereum, seize rebound opportunities within the range and buy on dips at key support levels. Overall, the market is in a rebound phase of oscillation and recovery. It is recommended to selectively build long positions near support levels, strictly implement risk management, and seize structural upward opportunities.

Trading suggestions:

Buy near 70,000 for Bitcoin, target 73,000
Buy near 2,050 for Ethereum, target 2,400