Afternoon Bitcoin market sentiment showed a significant reversal. After the price stabilized around 69400, bulls launched a strong counterattack around dusk, producing a large-volume positive candlestick that directly pushed the coin price above 70000, touching a high near 70400, with intraday losses essentially recovered. Ethereum and Bitcoin displayed similar movements, with highs touching near 2070 under pressure. The long positions we laid out in early trading finally exited with profits - Bitcoin entered near 69500 in early session, with profits taken near the high of 70400. Ethereum synchronized with Bitcoin's layout, entering longs at 2035, taking profits near 2070, capturing a 35-point gain.

From the 4-hour chart perspective, the price ratio rebounded at the middle band and reversed the decline. Today's second retest formed a double bottom pattern, while the price ratio recovery broke through the previous downtrend line. In subsequent markets, stabilizing above the 70000 level will gradually open up the upward channel. Following the retest and bottom-touching in the afternoon with expanding trading volume, this indicates strong buying power at the critical 69000 level. With the double bottom formation and price ratio recovery, the market is expected to continue breaking through yesterday's high in the evening, with the 74000 level still having upward momentum. In subsequent operations, maintain a bullish outlook.

Bitcoin can go long near 70000, targeting around 71500. Ethereum can go long in the 2020-2040 range, targeting around 2080, with sustained moves to 2130 on breakouts. $BTC $ETH