The early morning rebound confirmed the validity of the support below, and the market once again showed positive signs of stabilization. After accurately reaching the previous congestion zone around $66,000, Bitcoin quickly rebounded, and a small W-bottom pattern has formed on the hourly chart. With the MACD indicator crossing upward and expanding, as long as the price stays above $66,500, there is potential for a short-term test of the $67,500-$68,000 region.

Ethereum's rebound structure is even clearer. After gaining strong support near $1,920, its rebound has been more vigorous than Bitcoin's, and it has now re-claimed the $1,960 level. From the 4-hour chart, Ethereum is oscillating upward along the MA5 moving average, with the KDJ indicator turning upward, indicating market sentiment is recovering. If it can effectively break through the resistance zone of $1,980-$2,000, further upside space will be opened.

Overall, the sharp decline in the early morning is more likely a shakeout of short-term holders. As long as the key support area is not broken, the current rebound should be seen as the beginning of a short-term trend reversal. For trading, the recent low can be used as a risk control reference, maintaining a strategy of buying on dips. #Gate广场发帖领五万美金红包 #何时是最佳入场时机 $BTC