$BTC $ETH Today's Analysis:

Looking at the four-hour chart, after the price quickly broke below the midline with a large bearish candle, it entered a low-range consolidation and correction phase, with the trend alternating between small bullish and bearish movements. The overall correction has not yet fully concluded, and in the short term, the bears still hold a certain advantage. The three lines of the KDJ indicator are gradually converging, and the multiple lower probes leaving long lower shadows indicate strong support below, currently leaning more towards a bottoming process. Once the consolidation at the low is complete, there is potential for a rebound from the bottom.
From the hourly chart, the long lower shadow bearish candle suppressed the rebound in the early morning, but it also verified the effectiveness of the support below. The price repeatedly tested the 70.5k level without effectively breaking below, indicating that buying interest still exists. The early dip did not form a valid breakdown, and the short-term structure remains oscillating with a slight bullish bias.
The current market is in a structure of "weak correction + strong support," and in the short term, it is more likely to continue the rebound trend. Operation-wise, it is recommended to maintain a bullish outlook and patiently wait for pullbacks to add positions gradually. #Gate上线Pre-IPOs