The market trend in the early morning indeed confirms our previous predictions. The bulls showed strong resilience after a brief attempt to test the resistance above. Although the price has slightly pulled back at present, from a technical perspective, this is more likely a healthy retracement before a breakout, and the signals from the market remain bullish.

Looking at the four-hour chart of Bitcoin, this round of rally successfully broke through the upper boundary of the consolidation zone that had been tested multiple times before. Although it faced small-scale resistance from the bears afterward, the price remains firmly above the support level (69,900 USD) that was formed from previous resistance. This is a typical technical breakout and retest move. The moving average system maintains a standard bullish alignment, with short-term moving averages crossing above mid-term averages and continuing to diverge upward, providing multiple layers of dynamic support for the price. The MACD indicator has formed a golden cross above the zero line; while the bullish momentum histogram has slightly contracted, there are no dangerous signals such as death crosses or bearish divergences, which usually indicates that after a brief accumulation of momentum, the market is likely to continue its upward trend.

Ethereum's outlook is also optimistic. The current retracement has not damaged its healthy upward structure. After breaking through the previous support at 2,050 USD, a technical retracement to confirm this level is normal. More notably, the daily KDJ indicator has formed a golden cross at a low level and is steadily diverging upward, indicating that the medium-term rebound momentum is gradually strengthening. As market sentiment gradually recovers, as long as Ethereum can hold above the key short-term support at 2,040 USD, testing the 2,100 USD level and higher will only be a matter of time. #Gate广场发帖领五万美金红包 $BTC