Bitcoin is generally showing a range-bound rebound and repair pattern. After bouncing off the low of 62,789 early this morning, it has gradually broken through short-term suppression as it climbs, and is currently stabilizing around the key price zone of 63,819. Ethereum’s price action is highly correlated with Bitcoin: it also started its upward move from the low of 1,723 and surged to the high of 1,768. Throughout the move, it has maintained a steady “follows through” rally, and the correlation across the market is evident. The ETH/BTC cross pair remains in the 0.0277 range, with a clear high-beta characteristic.

On the daily timeframe, price is in a critical rebound and repair stage. The price is above the EMA15, but is still under pressure from the EMA30, and has not yet broken through the strong resistance zone of the EMA60. The medium-term downtrend has not been fully reversed. The MACD indicator shows that DIF has crossed above DEA, forming a golden cross, with the red histogram continuing to expand—indicating that short-term upward momentum has somewhat recovered. In the Bollinger Bands, the middle band around 61,953 forms strong support, while the upper band at 65,596 is the first short-term resistance level. On the 4-hour timeframe, the rebound tone continues. Price climbs steadily by leaning on the MA5; the RSI has recovered above 50, showing that market buying power is strengthening, and that there is still momentum for further short-term rebounds. The current market pace suggests that bullish strength has recovered, but has not yet formed absolute dominance. Any short-term pullbacks during this period should be watched closely, as they could signal a bearish counterattack. The key thing to monitor is whether the 64,000 dollar level can be effectively broken through and held. Today’s morning trading is mainly focused on buying on dips.

Specific trading suggestions: Watch the support levels in the 63,500–62,800 range and the 60,800–60,100 range. If the support holds and does not break, you can try buying on dips, looking for an upside potential of 500–6,000 points.
$BTC