#鲍威尔讲话 Midday Review: First round Rebound target achieved, next we look at the pullback strength.

The resistance at the 88200 line indicated yesterday has been precisely effective, and the first phase rebound target has been fulfilled. My judgment remains unchanged — there is a high probability of a second and third upward opportunity in the coming weeks. Now that the first round high point has been reached, just wait for a small-level pullback with peace of mind.

$BTC Key observation level: 85900

This position is the lifeline of the 4-hour cycle:
• Maintain 85900 and close steadily → Rebound continues, looking up at resistance levels of 88100, 89870, and 91520.
• Break below 85900 → This wave of 4-hour Rebound comes to an end, with the following support levels being 84000, 82270, and 80620.

ETH Core Watershed: 2785

Ethereum also looks at the performance in the 4-hour cycle:
• Stable above 2785 → The trend is still there, pay attention to the resistance levels at 2900, 2955, 3002
• Lost 2785 → Rebound paused, support levels look at 2740 and 2703.

Don't rush strategically; wait for the structure to be clear before taking action. At this stage, patience is more valuable than impulsiveness.