Candlesticks are the market's breathing, and the ups and downs are its heartbeat. Don't mistake a rapid surge for being a master trader, nor assume you're a rookie during a sharp decline. True value often emerges in the silence of being overlooked. Bitcoin/Ethereum recently experienced consecutive sharp declines, with the overall drop being relatively large, repeatedly breaking through a series of important previous support levels. Subsequently, in the early trading session, a rebound and rally occurred from lows of 59,900 and 1,740, with the overall upward movement still relatively significant. Such rapid rebounds after a big drop are usually accompanied by corrective consolidation; after the correction, as long as the lows of the 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 increasing. After a quick dip on Friday, Bitcoin sharply fell from a 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, indicating a subtle shift in market sentiment. 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, suggesting 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 a market sentiment perspective, more investors are paying attention to the sustainability of this stabilization and rebound. Previously accumulated profits among bears and some profit-taking actions 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 Bollinger Band middle line. 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 completely 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 setbacks, the appearance of stabilization signals injects positive expectations into the market. It is recommended that investors 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