Today, Bitcoin and Ethereum overall show a pattern of "initial decline followed by a rally, with strong upward movement in the evening." During the early morning and white market hours, the market remained mostly volatile and weak. Bitcoin briefly dipped to around 65,000 before consolidating and fluctuating, failing to break through the 67,000 resistance level. Ethereum found support near 1,900, rebounding multiple times to around 1,950 but with limited momentum. In the evening, as the US stock market opened, especially after the Nasdaq experienced significant volatility, market sentiment for cryptocurrencies rapidly warmed. Short sellers were squeezed, and many short positions were passively covered, causing Bitcoin to surge quickly, breaking through key resistance levels from 67,000 and reaching as high as around 69,600. Ethereum also moved upward, re-establishing above the 2,000 mark and reaching around 2,060. The overall market displayed a clear short-term short squeeze, with trading volume and contract liquidation scales increasing simultaneously.

From a technical perspective, this round of Bitcoin's rally essentially confirms the support zone around 66,000, continuing the previous trend. The current price has broken through the short-term resistance zone at 68,000 and is approaching the previous dense trading area at 70,000. If the 4-hour timeframe can hold above the 68,800–69,000 support zone, the bullish structure will be further strengthened, with potential tests of resistance between 70,500 and 72,000. Conversely, if it falls back below 68,000, this rally is likely a short-term short squeeze followed by a return to consolidation. On the indicator front, the 4-hour MACD has formed a golden cross and continues to expand, indicating strong momentum. For Ethereum, the price has re-established above the critical 2,000 level, with short-term resistance at 2,100–2,150. As long as it does not fall below the 1,980 support level, there is still room for a continued rebound. Overall, the short-term market trend has shifted from consolidation to a more bullish structure, and trading strategies can focus on buying on dips.

Bitcoin is recommended to buy on dips around 68,500–68,800, with targets of 70,500–72,000.

Ethereum is recommended to buy around 2,005–2,025, with targets of 2,100–2,150. #贵金原油价格飙升 $BTC