From the four-hour timeframe, Bitcoin is in an upward channel after breaking out, steadily moving along the upper Bollinger Band. The moving averages are arranged in a bullish alignment, with lows continuously rising and highs steadily advancing, maintaining a solid upward structure. In the short term, the price is trading along the upper Bollinger Band, indicating strong upward momentum; however, due to its proximity to the upper band, the market has entered an overbought state, exerting short-term pullback pressure. Our strategy remains unchanged, continuing to follow the bullish trend.

Currently, the four-hour level has not broken below 71,000, making tonight’s price action critical. If this level holds, the rebound momentum will remain intact, and next week we may see further upward movement toward the 73,500-74,000 range. If a wick breaks below 71,000, long positions should be avoided, and we should wait until the price reaches the 69,700-69,200 zone before considering small long entries, with a stop loss set at 69,000.

Regarding Ethereum, if the four-hour candle closes above 2,100, there is still potential for a rally higher, targeting 2,150-2,200. If it fails to close above 2,100, it may continue to test the support zones at 2,060-2,040, and long positions can still be attempted, with a stop loss at 2,000.