Short-term market: BTC target 63,000, ETH looking at 1,700 mark

After continuous consolidation and bottoming, the market has released clear stabilization signals, and this technical rebound is about to start soon.

The recent sustained decline has fully digested market panic sentiment. Mainstream coins continue to attract capital inflows at low levels, short-term oversold indicators are gradually recovering, bearish selling pressure has basically dissipated, and the balance of power between bulls and bears is experiencing a phased reversal. A round of recovery and rebound is brewing.

Bitcoin BTC

Repeated support tests at low levels have not broken effectively. The 4-hour chart shows a stabilization pattern, with sufficient buying support underneath.
The first target for this short-term rebound is directly at 63,000 USD. This level is a dense resistance zone from previous consolidation and also a short-term bull-bear divide. If volume supports a firm breakthrough, further upside space will open; if it faces resistance and pulls back, the key is to hold the current support range, and a retracement remains an opportunity to accumulate.

Ethereum ETH

In sync with BTC's bottoming process, although the trend is relatively weak, the downside space is basically sealed, and low-level chip exchange is sufficient.
The core target for the short-term rebound is set at 1,700 USD. This price level is an important trading box from the past; only after breaking through can the short-term weak pattern be reversed. Current valuation is at a low level, and the rebound flexibility is worth expecting, following BTC's rhythm for synchronized recovery.

Need to make it clear: this round is only defined as a short-term rebound, not a medium-to-long-term trend reversal. The operation should focus on quick entries and exits, without blindly going long in the long term.

When entering, strictly control positions, lay out long orders based on support, and take profits in batches when reaching target resistance levels. Don't linger, don't hold against the trend, and keep up with the rhythm of this recovery rebound!

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