On the 1-hour short-term chart, after price encountered resistance at higher levels and pulled back to the lower band area, downward momentum significantly weakened during this process, with no sustained bearish decline observed. Subsequently, price rebounded sharply and returned to oscillate near the midline, demonstrating the market's bulls' quick recovery capability.



Of particular note is that the low points formed during the pullback process showed successively higher lows, indicating strong support from buying pressure below, making it difficult for bears to effectively expand downside space.

Comprehensively, the current trend represents a typical pullback accumulation formation, where bulls and bears have reached temporary equilibrium in this area. Future market movements require attention to the breakout direction near the midline to assess trend continuation.

Bitcoin: Hovering near 71000-70200, looking up to 72000-74000

Ethereum: Hovering near 2100-2050, looking up to 2150-2300
ETH2.95%
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