Bitcoin's bearish momentum in the midnight trading session has been exhausted, and the downtrend has clearly reversed. After rebounding from the key support level at 90600, the price has gradually stabilized. Ethereum also completed a pullback around the 3120 level and then initiated an upward trend. The overall bottom formation is still being solidified, and the continuation of the rebound is becoming increasingly strong.

From a larger cycle perspective, a typical small double-bottom pattern has appeared on the four-hour chart, with a particularly obvious lower shadow, indicating that the bulls are actively accumulating at the bottom. Narrowing down to the one-hour level, the previous bottoming process has basically concluded. The candlesticks have started to rise one by one, and a series of consecutive bullish candles are emerging, showing that the bulls are gradually gaining strength. Regarding technical indicators, the MACD is about to complete a crossover, with a golden cross imminent, further confirming that the rebound momentum is about to be fully unleashed.

From the current position, it is more reasonable to follow the trend and buy long positions on dips. Bitcoin can be gradually accumulated in the 91000 to 90500 range, with targets around 93000. Similarly, Ethereum can look for entry points between 3150 and 3130, with a target near 3250. The certainty of this rebound is gradually increasing, and the trading window is opening.