The early morning rebound indeed injected a strong boost into the market. After touching the intraday low of $64,900, the price quickly found buying support and has now rebounded strongly to around $65,900. The short-term bullish reversal momentum is evident. From the current market situation, this retracement confirmed the validity of the support below and laid a foundation for further strength.

From a technical perspective, on the hourly chart, the price has formed a clear "V-shaped" reversal pattern at the $64,900 level, with very strong buying support at this level. The subsequent rally not only offset the overnight decline but also showed that the bulls have begun to dominate the short-term trend. On the 4-hour chart, the MACD indicator's fast line (DIF) is showing signs of turning upward again below the zero line, with the green momentum bars beginning to shrink, indicating that the bearish force is weakening; the KDJ indicator also forms a golden cross at low levels, suggesting that the rebound momentum will continue to be released.

Bitcoin outlook: Buy near 65,500, target 66,500
Ethereum outlook: Buy near 1,915, target 1,980