From the four-hour level, BTC and ETH are still operating within the channel range, but structurally they have released positive signals: the price successfully bounced off the lower edge of the channel and has continuously closed with Bullish lines, strongly rebounding and re-establishing itself above the middle band. Particularly crucial is that a clear support has formed at the 109000 level, with strong buying pressure from long positions. Both the stabilization reversal of the Candlestick patterns and the effective expansion of Trading Volume during the rise indicate active buying below, while the momentum of the short positions has clearly diminished.

What is more worthy of attention is that the current market sentiment is generally bearish, with many investors expecting prices to break down. However, it is precisely this "unanimous bearish" pessimistic atmosphere that often becomes a precursor to a market reversal. Historical experience shows that the market often quietly turns when everyone is in despair.

Consolidation is not weakness, but a process of the main force washing the盘 and building strength. Each fluctuation is accumulating energy for the next wave of trend movement.

Operating strategy: Focus on buying on dips, paying attention to the resonance area between the middle band and the 109000 support. If the price retraces to this area and holds above without breaking the key level, it can be seen as an ideal entry point for long positions at a low. The target looks towards the resistance area at the upper band of the channel, capturing the opportunity for a new round of pump.