Follow and like to send 666 to receive Dogecoin

I believe it will still fall, but the following views are indeed just current opinions

Candlestick charts are the market's breathing; rises and falls are its heartbeat. Don't mistake a rapid surge for being a master, nor assume you're a rookie during a sharp decline. True value often emerges in the silence of being overlooked. Recently, Bitcoin/Ethereum have experienced consecutive significant drops, with the overall decline being relatively large, repeatedly breaking through a series of important support levels. Subsequently, in the early trading session, a rebound and rally occurred from lows of 59900 and 1740, with the overall upward movement still relatively substantial. Such rapid rebounds after a sharp decline are usually accompanied by correction and consolidation; after the correction, as long as the lows of the correction phase are not broken, the rebound and rally are likely to continue.
The four-hour chart shows signs of stabilization and a rebound trend, with market bottom-fishing sentiment gradually warming. After a quick dip on Friday, Bitcoin sharply fell from a high near $70,000 to a low of $59,800, then demonstrated strong resilience against further declines. With consecutive positive closes and rebounds, the price has risen back to near the middle band of the Bollinger Bands, indicating a subtle shift in market sentiment. Although the middle and upper bands of the Bollinger Bands are still in a downward trend, it is noteworthy that after briefly breaking below the lower band, the price quickly recovered, forming an initial support signal near the lower band, suggesting that the market has some capacity to absorb at low levels. The proactive involvement of bulls in key areas reflects recognition and confidence in this price level. From a market sentiment perspective, more investors are paying attention to the sustainability of this stabilization and rebound. Previously, bears had accumulated considerable profits, and some profit-taking actions also provided liquidity support for the market. As the price gradually stabilizes and rises, market psychology is shifting from cautious waiting to actively seeking entry opportunities. Future focus should be on the price testing the Bollinger Band middle line. If an effective breakout occurs, the rebound trend may continue, with the upper target around the upper band near $73,000. However, rationality must be maintained; bearish pressure has not fully dissipated, and oscillations and fluctuations may occur during the rebound. Currently, the technical pattern shows that after breaking below the lower Bollinger Band, the rapid recovery forms a short-term bullish signal. Meanwhile, market sentiment has recovered from excessive pessimism, laying a psychological foundation for subsequent rebounds. Investors should also monitor volume changes; if a breakout of key resistance is accompanied by increased volume, the rebound momentum will be more credible.
Overall, after a rapid correction, the market has initially stabilized, and bullish forces are re-accumulating. Although the rebound process may still encounter some setbacks, the appearance of stabilization signals injects positive expectations into the market. Investors are advised to remain rational, strictly control risks, and focus on potential opportunities within market structural changes.

Trading Suggestions:

Buy near 70500 for Bitcoin, target around 73000
Buy near 2030 for Ethereum, target around 2500

$BTC $ETH #当前行情抄底还是观望？