The overnight market has completed a pullback, and during the day, the focus is on the rebound momentum. It is important to clarify that only when the price stabilizes above the white line can the current 4-hour level pullback be confirmed as ended; if it fails to recover that position, it will still be difficult to open up upward space in the short term.
In terms of today's key levels, Bitcoin's daily line should not drop below 87500, while Ethereum's daily line needs to hold above 2930. If the daily line breaks these two support levels, the current daily rebound trend may be declared over, and the market will face a turning point. Therefore, whether the rebound can continue is crucially dependent on the white line's position— as long as this support holds, the market still has the momentum to recover upwards.
Today, Bitcoin will continue to focus on the 87500 level; stabilizing here can be seen as the end of the 4-hour pullback, and the market is expected to continue upward. The upper pressure is focused on the 89500-90500 range. If it breaks down, pay attention to the 87000-86500 support area.
Ethereum will focus on the effectiveness of the 2930 support today; maintaining above this level indicates a still bullish trend. The upper pressure levels are 3040, 3080, and around 3110 in order.
Overall, as long as the daily support does not break, the trend remains; the white line position is a short-term dividing line between bullish and bearish.
