On the 1-hour short-term chart, the price came under pressure at the highs and pulled back to the lower band region. During this process, downward momentum significantly weakened with no sustained weak decline observed. Subsequently, the price rebounded quickly and returned to oscillate near the midline, demonstrating the market's bulls' rapid recovery capability.



Notably, the lows formed during the pullback process showed successively higher lows, indicating strong buying support below and difficulty for bears to effectively expand downside space.

Overall, the current movement exhibits a typical pullback consolidation pattern, with bulls and bears reaching temporary equilibrium in this region. The market should focus on the breakout direction near the midline in subsequent moves to determine trend continuation.

Bitcoin: Support around 71000-70200, targeting 72000-74000 upside

Ethereum: Support around 2100-2050, targeting 2150-2300 upside
ETH3,33%
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