I believe there is still room for further decline, but the following views are indeed just current opinions.

Candlesticks are the market's breathing, and the ups and downs 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 sharp declines, with the overall drop being relatively large, repeatedly breaking through a series of important support levels. Subsequently, in the early trading session, a rebound occurred from lows of 59,900 and 1,740, with the overall rally being quite significant. Such rapid rebounds after a big drop 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 the 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, and market sentiment is subtly shifting. 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, indicating 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 the 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 activities have 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 middle band of the Bollinger Bands. 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, as the 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 price quickly pulled back, forming 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 the bullish forces are re-accumulating. Although the rebound process may still encounter some twists and turns, 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 70,500 for Bitcoin, target around 73,000
Buy near 2,030 for Ethereum, target around 2,500

$BTC $ETH #当前行情抄底还是观望？