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 declined before rebounding, forming a typical washout and strong recovery pattern. Influenced by the US stock market's opening surge, market volatility increased, with prices briefly reaching 69,700 before quickly falling back to around 68,400. This movement effectively cleared out 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, forming a V-shaped recovery on the daily chart, indicating that bullish momentum is gradually building. Although the overall trend remains within a medium-term consolidation channel, the rebound pattern has been preliminarily established. If the daily chart can effectively hold above $70,000, the upward space will further open; in the short term, a pullback to the $65,000-$66,000 range is expected to provide strong support. The current structure leans more toward a breakout after consolidation. ETH also shows signs of bottoming and rebounding. Although it hasn't fully exited the oscillation zone, a successful break above the resistance zone of $2,150-$2,180 could confirm the return of a short-term bullish trend. The support zone at $1,950-$2,000 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 it may be wise to consider scaling into positions on pullbacks. 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 enter 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 ETH, target 2,400