After yesterday’s Asian session, which saw a pullback testing support around the 85,000 level, the price managed to rebound strongly during the early morning hours. Currently, the price has broken through the 88,000 resistance level and reached our previously identified key zone of 88,000-90,600. In the short term, the market is expected to continue oscillating and vying for a clear direction. Ethereum is also in a strong correction phase; although the price hasn’t recovered above 3,000 yet, it’s not far from the target take-profit level. Whether in our live trading or during the early morning livestream, we have maintained a bullish perspective and held our positions. Those who followed this strategy have likely already taken profits and exited, while those aiming for longer-term positions may consider continuing to hold.

After a short-term correction, Bitcoin’s bullish momentum is gradually rebuilding, with technical indicators across multiple timeframes simultaneously signaling a rebound. The market is likely to experience a round of corrective recovery. The current price has seen consecutive bullish candles and has stabilized successfully at the middle band. If this support holds, it could serve as an important springboard for further rebounds, and overall market sentiment remains positive. On the 4-hour chart, although the price once dipped near the lower band, it did not trigger panic selling and quickly rebounded, indicating the local correction is nearing its end. This pullback appears to be a consolidation move by bulls before another rally, aiming to clear out weak hands and lay a solid foundation for the next push upward. With the Bollinger Bands turning upward and key resistance levels being broken, the market outlook favors a continued upward breakout.

Bitcoin can be bought in the 87,500-88,000 range, targeting around 91,000. Ethereum can be bought in the 2,900-2,930 range, targeting around 3,000.