Standing at the cusp of opportunity, even pigs can fly; but only eagles know how to keep soaring when the wind stops. Going with the trend is just the starting point, true ability is what sustains the journey. During the late night to early morning session, after a decline at midnight, the price touched the 89,600 level, then steadily rebounded in a choppy upward move, with the highest rebound reaching the 91,338 level so far. Ethereum also tested the bottom for a second time at the 3,066 level, found double-bottom support, and similarly made a slow V-shaped rebound, accelerating upward this morning with a peak rebound to the 3,146 level. The bullish rebound strategy we provided in the article was perfectly and accurately executed as planned: went long on BTC near 90,000, exited near 91,300 for a 1,300-point gain; went long on ETH near 3,070, advised exit near 3,130 for a 60-point gain. Lao Chen’s trade records are always transparent, every setup is based on thorough reasoning and evidence, wins and losses are faced openly, with nothing concealed. Strict stop-loss discipline is also the fundamental reason we’ve been able to achieve long-term success in this space over the years.

On the four-hour timeframe, there’s strong potential for a rebound breakout. After a period of sideways consolidation, a double-bottom support has formed below, with lows gradually moving up, establishing a solid base and once again showing signs of a strong rebound. The price keeps challenging and recovering the middle band. Recently, volatility in BTC and ETH has increased, and after the previous sharp drop, the bulls are currently gathering strength, with expectations for a pullback gradually decreasing. The continuation of a trend is a natural process of ups and downs; corrections during uptrends and rebounds during downtrends are all normal. At present, the expectation for a recovery is growing stronger. For the market outlook, we still focus on the continuation of the bullish trend, with a short-term strategy of buying the dip.

This morning, BTC can be longed at 90,400-90,000, with a target of 93,000.

ETH can be longed near 3,115-3,100, with an initial target of 3,230.