Bitcoin market sentiment experienced a significant reversal in the afternoon. After stabilizing around the 69400 level, bulls launched a strong counterattack around evening, creating a volume-driven bullish candle that directly pushed the price above 70000, reaching a high near 70400, with intraday losses essentially recovered. Ethereum and Bitcoin displayed similar movements, with highs touching near 2070 under pressure. The long positions we laid out in early trading finally closed profitably—Bitcoin entered near 69500 in the morning session and pocketed gains near the 70400 high. Ethereum synchronized with Bitcoin's setup, with a long entry at 2035 and closing near 2070, capturing 35 points of profit.

From the 4-hour chart perspective, the pair tested the mid-band of the running range and stopped the decline with recovery. Today's second test formed a double-bottom pattern, and the pair's recovery broke through the previous downtrend line. If the market stabilizes above the 70000 level in subsequent adjustments, the upward channel will gradually open. Following the afternoon's bottom-touching rebound accompanied by expanding trading volume, this indicates strong buying power at the 69000 key level. With the double-bottom formation and price recovery, the market is expected to continue breaking through yesterday's high in the evening, with further upside momentum toward the 74000 level. For future operations, we maintain a bullish outlook.

Bitcoin can go long around 70000, targeting near 71500. Ethereum can go long around 2020-2040, targeting near 2080, with continued targets at 2130 upon breakout. $BTC $ETH