$BTC 2.26 Afternoon Latest Bitcoin and Ethereum Market Analysis and Trading Suggestions

The rapid recovery in the early morning market once again verifies the resilience of the current bullish pattern. Bitcoin quickly rebounded to the 70,000 level after a brief pullback. Although it subsequently retreated, it is now firmly above the 68,000 range for consolidation. The overall high-level oscillation structure remains intact and has become more solid after clearing out short-term positions. This quick rebound after a rapid dip is often a typical feature of major players shaking out weak hands, accumulating momentum for the next upward move.

Ethereum's trend, while synchronized with Bitcoin, shows more strength in details. After dropping to around 1800, it quickly stabilized and rebounded sharply to around 2150 in a pin-like manner. This "weak rise and fast fall" characteristic at this stage is actually a correction of the previous weak pattern. The price has broken through a key resistance and is able to hold above 2000, indicating strong buying interest. Although it has pulled back from the high of 2150, this is a normal technical retracement after breaking a significant level, aimed at confirming the support at 2000.

From the daily chart perspective, Ethereum's rebound to the upper Bollinger Band encountered resistance, which is a normal technical resistance response. The key point is that the current pullback has not broken the upward trend but is a gentle retracement to the middle band near 2000 for support. As long as the 2000 level can be effectively held, this rebound cycle will complete a healthy process from breakout to confirmation. The middle band of the Bollinger Bands serves as a mid-term indicator of strength or weakness; if it holds here, it will lay a solid foundation for subsequent attempts to test higher levels.

Therefore, current trading decisions and judgments should focus on the effectiveness of key supports. Bitcoin at 67,000 and Ethereum at 2000 are the lifelines for short-term bulls. As long as prices can stabilize above these levels and establish new consolidation platforms, the sustainability of the rebound will be confirmed. Short-term pullbacks are not trend reversals but space for the next wave of upward movement. We remain cautiously optimistic about the market, waiting for support confirmation before bulls regain strength.

In the afternoon, consider buying Bitcoin around 67,500 with a target of 70,000.
In the afternoon, consider buying Ethereum around 2030 with a target of 2150.