Counter-attack horn sounds! Bulls assemble! It's time for the bears to take the night shift today! From the chart perspective, both Bitcoin and Ethereum have completed bottoming after a sharp decline, and bulls are gradually regaining the initiative!

Bitcoin dropped from its high to around 68,750 in this wave. Although it briefly broke below the 69,222 support, it was just a "false dip," and the closing price stood firmly above support, indicating very strong buying pressure at lower levels, with many funds picking up the dip at low prices. Now the price has returned to around 70,400, which is a short-term bull-bear dividing line. As long as it can firmly hold 70,406 on volume, it can open upward space, first targeting resistance around 71,500. After breaking through, it's expected to challenge higher levels. If it can't push higher in the short term, it will likely consolidate in the 70,406-69,222 range. As long as there's no effective break below 69,222, the bullish trend remains intact.

Ethereum synchronizes with its big brother and completes bottoming, reaching a low around 2,098. After touching the lower band of the box, it quickly rebounded and is now back around 2,150. Technically, the price has moved from the lower Bollinger Band toward the middle band, with moderately increasing volume, indicating capital is gradually flowing back. 2,152 is a key resistance level. After breaking through on volume, it can target the 2,189-2,221 range. If the retracement to the 2,061-2,094 range holds, it's a good opportunity for low-side longs.

Operation: $BTC Bitcoin: Go long 69,500-70,120, target 71,450, if break through target 726-733, stop loss 68,700
$ETH Ethereum: Go long 2,110-2,125 range! Target 2,178, if break through target 2,216-2,258, stop loss 2,085

Although recent geopolitical conflicts have caused some disturbance, market expectations for Fed rate cuts remain, coupled with stabilizing market regulation and continued institutional capital deployment, with overall risk asset sentiment warming. The sharp declines in Bitcoin and Ethereum appear more like washing out, releasing profit-taking pressure from earlier gains and clearing obstacles for subsequent rebounds. As long as key supports don't break, we remain cautiously bullish in the short term.