After a quick rebound from the low of 85199, Bitcoin recovers to 88610; Ethereum also synchronously rebounds from 2811, rising to around 2994. The two major cryptocurrencies show a strong repair trend overall.
The current market is in a healthy adjustment cycle, effectively releasing the pressure risk from earlier phases during the pullback process, thereby building sufficient momentum for the subsequent upward trend. Technically, signs of bottoming out on the chart are becoming increasingly evident, with lows gradually rising and trading volume shrinking simultaneously, significantly reducing selling pressure in the market. It is noteworthy that long-term funds are actively positioning themselves during the pullback, with the industry's fundamentals remaining solid and improving, creating a stark contrast with short-term price fluctuations. The potential for recovery in the future looks promising.
Operation suggestion: Bitcoin can be positioned for long positions around 86000, targeting 88000$BTC
